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Trump administration eyeing foreign chip tariffs
Reports indicate that the Trump administration is considering imposing targeted tariffs on semiconductors manufactured abroad, with a move toward increasing chip production within the United States to encourage local manufacturing and reduce reliance on imports. The administration aims to implement a new round of tariffs, potentially applied gradually, to support domestic companies and boost productivity, especially after signing agreements with South Korea and Taiwan, which have pledged to double their investments in the U.S. It is believed that the imposition of tariffs will be linked to guarantees that factories are built within America to avoid the tariffs, and it may also include other technological products such as servers and computers.
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