Ever thought your next smartphone could cost twice as much? 🤔 Well, buckle up: President Trump just dropped a bombshell in the Oval Office. He announced a 100% tariff on all semiconductor chips imported into the United States—unless the maker commits to building factories stateside. 🚀
What’s a tariff anyway? It’s like a tax added to an imported product. A 100% tariff means the tax equals the product price—basically doubling your import bill. The goal? Pressure global chip giants to put production lines on American soil.
Behind the scenes, Congress already set up a $52.7 billion fund back in 2022 to juice up U.S. chip manufacturing and research. And guess what: Under President Biden’s watch, all five top-tier chipmakers agreed to build next-gen plants in the U.S. 🌟
Still, last year the U.S. only churned out about 12% of the world’s semiconductor chips—down from 40% in 1990. By slapping this 100% tariff on imports, Washington is doubling down on domestic production. 💪
Here’s the kicker: if a company promises to build in the U.S. but ghosts on its pledge, the tariff backdate kicks in. "We add it up, it accumulates, and we charge you later," Trump said. So no more broken promises—or else you pay up. 💸
For tech-savvy young gamers, content creators, and gadget-lovers from Mumbai to Manila, this move could ripple through the supply chain. From smartphone price tags to gaming consoles, anything with a chip might get pricier—or see production shifts to new hotspots. 🌏
The full list of chips covered by this tariff? Still under wraps. But one thing’s clear: the global chip war just got a major new player. Stay tuned, and keep your eyes on those silicon beats! ⚡
Reference(s):
Trump says U.S. will charge 100% tariff on some semiconductor imports
cgtn.com
