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.
This is going to make our electronics get so expensive. 🤦🏻
What will the population of Taiwan think of this move? Since TSMC already has a fab in the US this will not affect them this badly?
Ok, this is up there with “lets attack Greenland”
I truly doubt Trump’s bid to jumpstart US manufacturing will actually achieve much of anything. US Financial Capital is the driving force of the economy, and we are far behind peers like China when it comes to industrialization. All this appears to be doing is sharpening the contradictions at play.
He’s got one trick folks.
Devices with taiwanese chips will get tariffed too? Because this opens up a way to ourairce manufacturing so that the US doesn’t just buy chips and avoid the tariff.
Doesn’t this do the inverse of boosting local commerce?
