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Trump calls for tariffs on computer chips, semiconductors and pharmaceuticals from Taiwan

Donald Trump called for tariffs on foreign computer chips, semiconductors, and pharmaceuticals from places like Taiwan in the near future.

In the speech at the House GOP Issues Conference in Miami, Trump said that manufacturers also don’t need an incentive to build their chip factories in the U.S. The Consumer Technology Association, the lobbying group for the U.S. electronics industry, warned that tariffs could take the cost of game consoles from the hundreds of dollars to $1,000. Thanks to incentives rather than tariffs, the SIA said this month that the Chips and Science Act is on track to strengthen American manufacturing, create jobs, boost economic growth, and promote national security.

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