TSMC Tariffs Could Cause Chaos | The Gestalt IT Rundown: January 29, 2025

Tech Field Day News Rundown · Jan 29, 2025 · 34m

As we mentioned earlier, the early days of a US government change invovle a lot of new orders and announcements. After a week in office the current US administration announced a plan to impose import tariffs on Taiwan for a variety of goods, including pharmaceuticals, steel, and chips. The tariff was reported to be 25% but could be as high as 100%. In further comments the president said the goal of the move was to lure companies back to the US to manufacture chips domestically. However, the CHIPS Act was specifically called out as being problematic because it simply gave money away instead of…