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100% Tariff on Computer Chips

Photo: Newsradio WGAN, WGAN

100% Tariff on Computer Chips

President Donald Trump announced a 100% tariff on computer chips, exempting those made in the U.S. This decision followed a three-month temporary exemption during the COVID-19 pandemic. The move is expected to protect U.S. companies like Apple, which has committed $600 billion to domestic production, part of a collective $1.5 trillion investment by big tech in the U.S. since January. Apple’s stock rose 8% following the announcement, and Nvidia saw a slight increase. Matt Gagnon noted the nuanced nature of tariffs, comparing them to Milton Friedman’s views, which allowed for exceptions in infrastructure and defense.

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