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Donald Trump asked for tariffs on foreign computer chips, semiconductors and pharmaceutical products from places like Taiwan in the near future.
In the speech at the Problem Conference of the Republican Party of the House of Representatives in Miami, Trump said that manufacturers also do not need an incentive to build their chip factories in the United States, he suggested that he would eliminate Joe Biden’s program to pay subsidies to chips manufacturers such as Intel to build the US.
The impact of such rates could be huge. The consumer technology association, the lobbying group of the US electronic industry, warned that tariffs could take the cost of games of the hundreds of dollars to $ 1,000.
“In the very close future, we are going to make tariffs in foreign computer chips, semiconductors and pharmaceutical products to return the production of these essential goods to the United States of America,” Trump said. “They left us and went to Taiwan, which is approximately 98% of the chips business, by the way. And we want them to return and we will not give them billions of dollars like this ridiculous program that Biden has. “
The Chips & Science Law with bipartisan support allocated $ 52 billion in subsidies to allow companies to build factories on Intel, TSMC, coherent and analog devices of the United States, were among the companies that received subsidies from the administration Biden.
“Give everyone billions of dollars. They already have billions of dollars. They have nothing more than money. 25, 50 or even 100%.
I have asked comments to the Semiconductor Industry Association, the Cabil Group of the Chip Industry, but I suspect they will not like it.
Thanks to incentives instead of tariffs, the SIA said this month that the Chips and Science law is on the way to strengthening US manufacturing, creating jobs, promoting economic growth and promoting national security. The manufacturing incentives of the law have caused substantial investments announced in the United States, the group said.
“In fact, companies in the semiconductor ecosystem have announced 90 new projects In 28 US states, there are hundreds of billions of dollars in private investments, since the Chips and Science law was introduced. These announced projects will create more than 58,000 jobs in the semiconductor ecosystem and support hundreds of thousands of additional jobs in the United States throughout the United States economy.
A SIA-BOSTON CONSULTING Group report released Last May projected that the United States will triple its manufacturing capacity of national semiconductors since 2022, when the law was promulgated, at 2032. The projected growth of 203% is the largest percentage increase projected in the world during that time. The report also projected that the United States will capture more than a quarter (28%) of total global capital expenses from 2024 to 2032.
The CTA said during the CES that the proposed rates could increase prices in laptops and tablets by 46%, games consoles in 40%and smartphones by 26%.
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