US Government Plans to Tax Foreign Electronic Devices Based on the Number of Chips
Reuters reported on September 26, citing three sources, that the Trump administration is considering imposing tariffs on foreign electronic devices based on the number of chips in each device, aiming to push companies to move their manufacturing to the United States.
The report said this is the first time the plan has been disclosed and it may change. According to the plan, the US government will impose tariffs proportionally on the estimated value of chips in products.
The US Department of Commerce has not responded to requests for comment.
When asked about details, White House spokesperson Kush Dasai said that the US cannot rely on foreign imports to obtain semiconductors that are crucial to national and economic security.
"The Trump administration is taking a careful, comprehensive approach, pushing key manufacturing back to the US through tariffs, tax cuts, deregulation, and ample energy supply," he said.
According to the report, if the plan is implemented, it would indicate that the Trump administration is seeking to influence a wide range of consumer goods, from toothbrushes to laptops. While trying to expand the scale of American manufacturing, this measure could potentially increase inflation.
Michael Strain, an economist at the conservative think tank American Enterprise Institute, said: "Currently, the US is facing inflation, which is significantly higher than the Federal Reserve's target (2%) and continues to rise. This plan may push up consumer prices at this time."
He added that even products made in the US may see price increases due to new tariffs on key inputs required for producing these goods.
Original: www.toutiao.com/article/1844397610839048/
Statement: The article represents the views of the author.