Trump’s Taiwan Chip Tariffs: A Self-Inflicted Economic Wound
President Trump plans to impose tariffs of up to 100% on foreign-produced computer chips and pharmaceuticals, aiming to reshore production to the United States. This action specifically targets Taiwanese semiconductor manufacturers, like TSMC, despite their investment in an Arizona facility. Trump criticizes the CHIPS and Science Act, arguing that financial incentives are unnecessary and that tariffs will incentivize domestic production. However, the long lead times for chip factory construction mean that significant price increases for consumers are a likely consequence.
John Q. Hosedrinker