Insider: Trump Administration Plans to Impose Tariffs on Foreign Electronics Based on Chip Count

BlockBeats News, September 27th, according to Reuters, three sources familiar with the matter revealed that the Trump administration is considering imposing tariffs on foreign electronic devices based on the number of chips in each device. This is aimed at encouraging companies to move their production to the United States. The plan, which has not been previously reported, is still subject to change.

Under the plan, the U.S. Department of Commerce would impose tariffs on imported products at a rate equivalent to a certain percentage of the estimated value of the chips in the product. If implemented, the plan would indicate the Trump administration's attempt to impact a wide range of consumer products from toothbrushes to laptops. (FX168)