Trump Weighs Semiconductor Tariffs That Could Cut US GDP by $90 Billion
Updated
Updated · Ars Technica · Aug 27
Trump Weighs Semiconductor Tariffs That Could Cut US GDP by $90 Billion
3 articles · Updated · Ars Technica · Aug 27
Summary
Politico reported Thursday that the Trump administration could unveil broad semiconductor tariffs within weeks or months, potentially extending duties beyond chips to servers, gaming consoles and other products made with them.
That wider approach alarms tech groups because it could also hit used and refurbished goods containing chips, sharply raising costs across AI infrastructure and other electronics supply chains.
CCIA estimated in June that such tariffs would shave about $90 billion a year from US GDP and delay or cancel roughly 20% of data center projects planned through 2030.
About 20 trade groups warned in a May letter to Treasury Secretary Scott Bessent that, without exemptions, the policy could push more data center development outside the US even as Trump aims to bring chip production home.