On September 27, Reuters, drawing on information from three insiders, reported that the Trump administration is contemplating the imposition of tariffs on foreign electronic gadgets. The basis for this move would be the quantity of chips embedded in these devices, with the overarching goal of incentivizing companies to relocate their production operations to the United States. It's important to note that this plan, which has not been disclosed before, remains fluid and subject to modifications.
As per the proposed scheme, the U.S. Department of Commerce would impose tariffs on imported goods. The tariff amount would hinge on a specific proportion of the estimated value attributed to the chips within these products. Should this plan materialize, its impact would be far-reaching, encompassing a broad spectrum of consumer items, spanning from everyday essentials like toothbrushes to high-tech devices such as laptops.