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Trump To Tariff Chips Made In Taiwan, Targeting TSMC (www.pcmag.com)

submitted 2 months ago by Alsephina@lemmy.ml to c/worldnews@lemmy.ml

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The tariffs would ensnare cutting-edge smartphone and PC-related chips for Apple, AMD and Nvidia if enacted. But Trump is betting his plan will bring more chip production to the US.

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[-] PanArab@lemmy.ml 3 points 2 months ago

The US also used protectionism in the 19th and 20th centuries

[-] TachyonTele@lemm.ee -1 points 2 months ago

You know it wasn't the same. And if you don't know that then you shouldn't even respond like that.

[-] PanArab@lemmy.ml 1 points 2 months ago

You clearly know nothing

The United States pursued a protectionist policy from the beginning of the 19th century until the middle of the 20th century. Between 1861 and 1933, they had one of the highest average tariff rates on manufactured imports in the world. After 1942, the U.S. began to promote worldwide free trade. After the 2016 presidential election, the US increased trade protectionism.[2]

https://en.wikipedia.org/wiki/History_of_tariffs_in_the_United_States