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Trump Says He’ll Put Tariffs on Imported Chips ‘in the Near Future’

Posted on the 28 January 2025 by Phil's Stock World @philstockworld

Calling Biden's CHIPS Act incentives 'ridiculous,' he claimed companies will build new plants in the US to avoid higher taxes and called DeepSeek's AI a 'positive.'

Without going into detail about what might happen to the $52 billion in subsidies from the CHIPS Act under his administration, Donald Trump said tariffs on foreign computer chips, semiconductors, and pharmaceuticals are coming "in the near future." He also name-checked DeepSeek's AI releases, saying, "...coming up with a faster method of AI and less expensive, that's 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."

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