cross-posted from: https://lemm.ee/post/53880308
Summary
Trump plans to impose tariffs of up to 100% on semiconductors manufactured in Taiwan, aiming to push U.S. tech companies like Apple, Nvidia, and AMD to produce chips domestically.
The tariffs target Taiwan’s TSMC, a key supplier, despite its partial U.S. production in Arizona.
Trump criticized Biden’s CHIPS Act for funding companies like Intel and proposed tariffs as an alternative incentive.
Experts warn the move could raise prices for electronics as most TSMC chips are assembled in Asia before export to the U.S.
I thought “conservatives” couldn’t invent a worse economic idea after “If the rich have more money, surely some of it will end up with the poor at some point”, but here is “Just make everything more expensive so it becomes cheaper”. Wow. It’s almost impressive at this point.