President Donald Trump says he's imposing a 100% tariff on computer chips— a move that raises the specter of higher prices for electronics, autos, household appliances and other essential goods that depend on the processors.
Wasn’t Biden’s chips act meant to encourage chips and semiconductor manufacturing to be shored in the US? What’s Trump doing nuking everything with tariffs? Surely, the oligarchs who bankrolled him won’t appreciate this.
Yes Biden’s chips act did create a ton of new investments in chip building in the US. Only for Trump and Maga to kill it upon taking power. Now he’s going to claim the credit for all the investments made from the time of Biden’s chips act.
Wasn’t Biden’s chips act meant to encourage chips and semiconductor manufacturing to be shored in the US? What’s Trump doing nuking everything with tariffs? Surely, the oligarchs who bankrolled him won’t appreciate this.
Edit: clarity
Yes Biden’s chips act did create a ton of new investments in chip building in the US. Only for Trump and Maga to kill it upon taking power. Now he’s going to claim the credit for all the investments made from the time of Biden’s chips act.