Tech industry warns of potential semiconductor tariffs under trump

Donald Trump may be preparing to announce new semiconductor tariffs at a time when the tech industry is particularly concerned, according to reports. Politico reported on Thursday that a wide range of new semiconductor tariffs could be imposed in the coming weeks or months. The tech industry fears these tariffs could 'doom' artificial intelligence innovation in the United States. About eight people familiar with the Trump administration’s plans were granted anonymity to discuss how the tariffs might work. They suggested that the framework for tariffs may change as it becomes finalized. However, one approach under consideration could 'dramatically expand the number of tech products subject to the duties, hitting not just chips but potentially many of the goods made with them, such as gaming consoles or the servers that fill data centers.' The potential tariffs have raised significant concerns among industry leaders, who believe the measures could have a detrimental impact on technological advancement and innovation in the US.