{"id":3900,"date":"2025-07-17T12:23:45","date_gmt":"2025-07-17T12:23:45","guid":{"rendered":"https:\/\/theincomestrategist.com\/index.php\/2025\/07\/17\/trump-says-hell-put-tariffs-on-imported-chips-in-the-near-future\/"},"modified":"2025-07-17T12:23:45","modified_gmt":"2025-07-17T12:23:45","slug":"trump-says-hell-put-tariffs-on-imported-chips-in-the-near-future","status":"publish","type":"post","link":"https:\/\/theincomestrategist.com\/index.php\/2025\/07\/17\/trump-says-hell-put-tariffs-on-imported-chips-in-the-near-future\/","title":{"rendered":"Trump says he\u2019ll put tariffs on imported chips \u2018in the near future\u2019"},"content":{"rendered":"<div>\n<figure><figcaption>Image: Cath Virginia \/ The Verge, Getty Images<\/figcaption><\/figure>\n<p id=\"SvYTVN\">Without going into detail about what might happen to the <a href=\"https:\/\/www.theverge.com\/2022\/8\/9\/23298147\/biden-chips-act-semiconductors-subsidies-ohio-arizona-plant-china\">$52 billion in subsidies from the CHIPS Act<\/a> under his administration, Donald Trump said tariffs on foreign computer chips, semiconductors, and pharmaceuticals are coming \u201cin the near future.\u201d He also namechecked <a href=\"https:\/\/www.theverge.com\/24353060\/deepseek-ai-china-nvidia-openai\">DeepSeek\u2019s AI releases<\/a>, saying, \u201c&#8230;coming up with a faster method of AI and less expensive, that\u2019s good. I view that as a positive if it is fact and it is true, and nobody knows, but I view that as a positive.\u201d<\/p>\n<p id=\"ZOG3fI\">In t<a href=\"https:\/\/www.c-span.org\/program\/white-house-event\/president-trump-addresses-house-gop-issues-conference-in-florida\/655005\">he speech at the House GOP Issues Conference<\/a> held at the Trump National Doral Resort in Miami Monday afternoon, he said that to return the production of these goods to the US, \u201cwe don\u2019t want to give them billions of dollars like this ridiculous program Biden has.\u201d Instead the incentive for manufacturers will be \u201cthey will not want to pay a tax.\u201d<\/p>\n<p id=\"eCe2qp\"><a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-01-27\/trump-vows-near-future-tariffs-calls-deepseek-progress-good\"><em>Bloomberg<\/em><\/a> reports that later, in comments to reports, Trump said he wanted a tariff rate \u201cmuch bigger\u201d than 2.5 percent.<\/p>\n<div id=\"q4wm5Z\">\n<div data-analytics-viewport=\"video\" data-analytics-action=\"volume:view:article:middle\" data-analytics-label=\"Trump speech at House GOP Issues Conference|118985\" data-volume-uuid=\"9559a904b\" data-volume-id=\"118985\" data-analytics-placement=\"article:middle\" data-volume-placement=\"article\" data-volume-autoplay=\"false\" id=\"volume-placement-827\" class=\"volume-video\" data-volume-player-choice=\"chorus\"><\/div>\n<\/div>\n<div class=\"c-float-left c-float-hang\">\n<aside id=\"u2gL7h\">\n<div data-anthem-component=\"readmore\" data-anthem-component-data='{\"stories\":[{\"title\":\"What a second Trump presidency means for tech\",\"url\":\"https:\/\/www.theverge.com\/2024\/11\/8\/24291333\/second-trump-tech-policy-antitrust-ai-crypto\"}]}'><\/div>\n<\/aside>\n<\/div>\n<p id=\"K1iTwG\">This is despite the outcome of the trade war with China during his first administration<a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-01-11\/how-china-won-trump-s-good-and-easy-to-win-trade-war\"> that expanded China\u2019s trade surplus with the US<\/a> between 2018, when the tariffs began, and 2021. A CTA report from last year <a href=\"https:\/\/techcrunch.com\/2025\/01\/06\/consumer-tech-spending-will-break-records-in-2025-if-trumps-tariffs-dont-squash-it-cta-predicts\/\">cited by <em>TechCrunch<\/em><\/a><em> <\/em>said Trump\u2019s proposed tariffs could increase prices on laptops and tablets by 46 percent, game consoles by 40 percent, and smartphones by 26 percent.<\/p>\n<p id=\"axckhY\">He also said that \u201cwe will have more plants built in the next short period of time than ever before because the incentive will be there,\u201d however it\u2019s unclear how many of those will be like The Stargate Project\u2019s <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-01-23\/stargate-s-first-data-center-to-be-located-in-texas-with-at-least-57-jobs\">first datacenter in Texas<\/a>, which was in the works well before the start of his administration. Last fall, t<a href=\"https:\/\/www.commerce.gov\/news\/blog\/2024\/08\/two-years-later-funding-chips-and-science-act-creating-quality-jobs-growing-local\">he Commerce Department said<\/a> that by then, it had \u201cannounced over $30 billion in proposed CHIPS private sector investments spanning 23 projects in 15 states\u201d with 16 new manufacturing facilities in the works.<\/p>\n<p id=\"9UZXTe\">He also said of DeepSeek that \u201cinstead of spending billions you will spend less and hopefully come up with the same solution,\u201d even as OpenAI, Softbank &amp; co. say they\u2019re <a href=\"https:\/\/www.theverge.com\/2025\/1\/21\/24348816\/openai-softbank-ai-data-center-stargate-project\">preparing to spend $500 billion<\/a> on AI datacenters.<\/p>\n<p id=\"UbKM6V\"><em><strong>Update, January 27th:<\/strong><\/em><em> Added details from Bloomberg.<\/em><\/p>\n<p id=\"T9NfuI\">\n<\/div>\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Image: Cath Virginia \/ The Verge, Getty Images Without going into detail about what might&hellip;<\/p>\n","protected":false},"author":1,"featured_media":3901,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-3900","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tech-news"],"_links":{"self":[{"href":"https:\/\/theincomestrategist.com\/index.php\/wp-json\/wp\/v2\/posts\/3900","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/theincomestrategist.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/theincomestrategist.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/theincomestrategist.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/theincomestrategist.com\/index.php\/wp-json\/wp\/v2\/comments?post=3900"}],"version-history":[{"count":0,"href":"https:\/\/theincomestrategist.com\/index.php\/wp-json\/wp\/v2\/posts\/3900\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/theincomestrategist.com\/index.php\/wp-json\/wp\/v2\/media\/3901"}],"wp:attachment":[{"href":"https:\/\/theincomestrategist.com\/index.php\/wp-json\/wp\/v2\/media?parent=3900"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/theincomestrategist.com\/index.php\/wp-json\/wp\/v2\/categories?post=3900"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/theincomestrategist.com\/index.php\/wp-json\/wp\/v2\/tags?post=3900"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}