The Trump administration plans an investigation into semiconductor imports, aiming to potentially impose tariffs under national security considerations. Kevin Hassett from the National Economic Council emphasized the vulnerability posed by reliance on foreign semiconductor production, particularly given Chinese influence in defense systems. This inquiry follows recent moves to lift tariffs on certain electronics, highlighting the tangled dynamics between trade policy, technological supply chains, and national security concerns. Current tariffs on steel and aluminum set a precedent, and similar measures may target semiconductors to bolster domestic manufacturing.
We are taking a look at Semiconductors and the WHOLE ELECTRONICS SUPPLY CHAIN in the upcoming National Security Tariff Investigation.
Semiconductors are the key, important part of a lot of defense equipment...decides what has to be on-shored in order to protect America.
It actually is the case that it's a very uncomfortable amount of Chinese input in our actual weapons systems.
Friday's action lifted steep tariffs on most technology imports, though Chinese technology continues to face a 20% 'fentanyl' tariff.
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