The costly consequences of Trump’s chip tariffs

Just weeks into his presidency, Donald Trump has escalated tensions with both allies and adversaries, wielding tariffs as his weapon of choice. Among those in the firing line: Taiwan, with the threat of a 100% tariff on its semiconductors, a move that could disrupt the global tech landscape. Despite claims that this could spur U.S. manufacturing, building semiconductor fabs is a multi-billion dollar endeavor that takes years to establish -- so is it really a feasible solution? Experts warn this drastic measure would send shockwaves through industries relying on these crucial chips -- ranging from healthcare to automotive -- and result in skyrocketing prices for U.S. consumers. And there is one clear consequence: amidst this chaos and instability, China could emerge as the unexpected beneficiary.