UNCAPTIONED: US Weighs New Tariffs on Semiconductors and Tech Products.

US Weighs New Tariffs on Semiconductors and Tech Products. The Trump administration is considering a new round of sweeping tariffs on semiconductors as it seeks to encourage more chip production in the United States, according to Politico. The proposed measures could go beyond microchips and impose duties on a broader range of technology products that contain semiconductors, including laptops and gaming consoles. Commerce Secretary Howard Lutnick is reportedly backing a system that would link exemptions or tariff relief for foreign companies to commitments to invest in US chip manufacturing. The approach would be designed to encourage companies to expand their production capacity on American soil rather than relying on overseas suppliers. The administration is also considering introducing the tariffs gradually, although the proposal remains under discussion and could be significantly changed in the coming weeks or months. The potential tariffs come as Washington continues to treat semiconductor production as a strategic priority, citing the industry's importance to the US economy and national security. US Trade Representative Jamieson Greer said in May that no new semiconductor tariffs were imminent at the time, but argued that duties could help bring chip manufacturing back to the country.