💨 Abstract

The Trump administration has initiated investigations under Section 232 of the Trade Expansion Act to impose tariffs on imports of computer chips, chip making equipment, and pharmaceuticals, citing national security concerns. The probes, announced on the Federal Register, will evaluate the potential for domestic production and foreign competition in the computer chip industry, as well as the impact of foreign government subsidies and unfair trade practices.

Courtesy: wtop.com

Summarized by Einstein Beta 🤖