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It is easier to induce national governments to discriminate against foreign producers than to defend the interests of domestic consumers.
-- George W. Stocking
-- George W. Stocking
Major U.S.-based semiconductor companies such as Intel, Qualcomm and Texas Instruments are highly reliant on global supply chains in which China is a major player. Chips designed in the U.S. but manufactured in China, as well as chips made in the U.S. but sent to China for final testing and assembly, will be hit by a 25% tariff that the Trump administration has announced on semiconductor imports from China, per the Journal. Scheduled to take effect on July 6, this will be a tariff on U.S. chipmakers' own goods, the Semiconductor Industry Association argues.
By raising their costs, this will reduce the competitiveness of U.S.-based semiconductor firms. Meanwhile, China now has added impetus for spurring the growth of its own semiconductor industry into a major competitor to U.S. firms in design as well as fabrication. This, in turn, would diminish the future market potential for U.S.-based chipmakers in China, and eventually elsewhere in the world.
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All those Trumpkins who've been keen to have Trump levy tariffs had better earn decent salaries....Though weren't Trumpkins also the ones expecting Trump to create jobs for them? If these tariffs create new jobs, they had better pay well. Have you looked at the price of in-America-made products and compared them with comparable in-China/Mexico-made ones?
- Shirts -- American made shirts are just expensive. They are great and very well made. They last for a long time and your lady friend will steal them, which won't bother you because a hot woman wearing nothing but an unbuttoned button down is hot.
- Barbecue grills -- There's a good deal of steel/aluminum in grills.
- Televisions -- Oops, there aren't any made in America.
- Here's what 5 of your favorite products would cost if they were made in the US
- Americans want U.S. goods, but not willing to pay more: Reuters/Ipsos poll
- Conservative publication editorial -- ‘Made in America.’ So What?
Who's "Made in America" going to most adversely affect? People who are most price sensitive.