AI industry says Trump plans to tax chips in the “single dumbest way imaginable”

Donald Trump may be preparing to announce sweeping new semiconductor tariffs at the absolute worst time, the tech industry fears. On Thursday, Politico reported that a wide range of new semiconductor tariffs, which the tech industry expects will “doom” artificial intelligence innovation in the US, could be imposed in the coming “weeks or months.” About eight people familiar with the Trump administration’s plans were granted anonymity to discuss how the tariffs might work.