The backlash against President Trump's proposed tariffs on imported semiconductors has emerged from a wide array of industries, including automotive, marine, technology, and crypto. Stakeholders express concerns that tariffs could disrupt supply chains and increase costs for consumers. Companies like Tesla, GM, and Ford have joined forces in opposing the measures. Industry representatives highlight that many essential components are imported, with no viable U.S. substitutes available. The semiconductor shortage has created a significant imbalance between demand and domestic supply, raising fears of a negative ripple effect across various sectors.
"There's a large mismatch between the amount of chips we use in this country in various products and the supply created here in the US... Putting a tax on those imports will simply raise the cost, and that's not a good thing for consumers."
"These systems are not optional luxuries - they are fundamental to safety, function and performance... Many components have no U.S. equivalent or are only available from highly concentrated suppliers overseas."
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