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Trump says he’ll announce semiconductor and chip tariffs
This announcement comes as the Trump administration is also mulling over its approach to AI chip export restrictions.
President Donald Trump said on CNBC’s Squawk Box on Tuesday that his administration is planning to announce tariffs on semiconductors and chips as soon as next week. Intel recently announced it was delaying construction on its Ohio chip manufacturing facility, again, highlighting the challenges of rapidly scaling up production. The Trump administration then released its AI Action Plan in July, which emphasized the need for the U.S. to implement chip export restrictions but was light on the details of what that could look like.
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