- The administration is considering a new round of sweeping semiconductor tariffs, according to Politico reporting cited by Reuters.
- The proposed duties cover microchips and products that use them, including laptops, gaming consoles and data-center servers.
- Commerce Secretary Howard Lutnick supports tying tariff relief for foreign companies to investment in U.S. chip manufacturing.
Quotes
“A new tariff proposal could tax a wider range of tech goods.”
“Commerce Secretary Howard Lutnick favors a structure that will tie foreign companies’ relief from the tariffs to investment in U.S. chip manufacturing”