Trump proposes tariffs on foreign chip production, raising concerns for U.S. tech and AI growth

President Trump has proposed new tariffs on foreign computer chip production, which could hinder the U.S. tech industry. He has also threatened to end the CHIPS and Science Act, aimed at boosting domestic chip manufacturing. The CHIPS Act has already provided $30 billion for projects to increase U.S. chip production, which is crucial for advancements in artificial intelligence. Experts warn that tariffs could raise prices for consumers and slow down the growth of the AI sector. Trump's approach contrasts with global trends that encourage chip production and imports. Experts believe that imposing tariffs while threatening the CHIPS Act could negatively impact the U.S. economy and its technological leadership.