Lutnick Warns Some Korean, Taiwanese Firms May Face 100% Chip Tariffs Unless They Invest in US

Lutnick's warning highlights a significant shift in U.S. trade policy, emphasizing the importance of domestic production. By threatening steep tariffs, the administration aims to incentivize foreign firms to contribute to the U.S. economy, but this could also strain international relations and lead to retaliatory measures. The implications for global supply chains could be profound, particularly in the semiconductor industry, which is already facing challenges.