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Nigel Farages Reform U Kscoffsatsuggestionofpactwithbroken Tories
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Chris Bowenand Ted O Brienfaceoffinlivedebateover .. ergyfuturefollowingreleaseof CSIRO Gen Costreport
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Fromeyedoctortobrutaldictator Theriseandfallof Syrias Basharal- Assad
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Sun, December 8, 2024
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Trumpaimstodeportallimmigrantsinthe U Sillegally
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Whatto Know How Rebels Toppledthe Syrian Governmentand Deposed Assad
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After Fallof Assad Dynasty Syrias Risky New Moment
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Laboursdangerouslymisguidedforeignpolicythreatensspecialrelationshipwith U S
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Why Raynersbricksandmortarismoreimportantthan Reevesseconomicgrowthinbuildingforvictory
[ Sun, Dec 08th 2024 ]: The West Australian
Legalsystemcrackingunderweightof D Vdemand
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High Courtbattleloomsfor Allanoverelectoralfundinglaws
[ Sun, Dec 08th 2024 ]: The Age
The Allangovernmentisalreadyspruikingitshousingsuccess. Hereswhatthedatasays
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Labouraccusedofghostingpensionersinfuryoveranti- OA Ppolicies
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Trumpattends Notre Dame Cathedralreopeningin Paris
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Proteststogoonuntilliberationsaypro- Palestinianorganisers
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Thefallof Bashar Assadafter 13yearsofwarin Syriabringstoanendadecades-longdynasty
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Israelwatching Syriacloselyafterhistoricfallof Assad
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Angela Raynersayspeoplewhoneedhomesmustbeprioritisedovernewts
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Billand Hillary Clintoncelebrateanniversaryof Clinton Presidential Center
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TI Bcallsforoverhaulof AC C
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Ex- Labor M Pbrandshisoldpartycowardlyasheseeksre-election
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Commercesecretaryblasts Trumpscalloftariffstoreplacechipgrants

  Copy link into your clipboard //politics-government.news-articles.net/content/ .. asts-trumpscalloftariffstoreplacechipgrants.html
  Print publication without navigation Published in Politics and Government on by MSN
          🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source
  At a national security event, Gina Raimondo said tariffs are not enough to boost U.S. semiconductor production.

U.S. Commerce Secretary Gina Raimondo criticized former President Donald Trump's proposal to replace semiconductor manufacturing grants with tariffs, calling it "the most absurd thing" she had heard. During an interview on CNBC, Raimondo emphasized the importance of the CHIPS and Science Act, which allocates $52 billion to boost domestic semiconductor production. She argued that tariffs alone would not suffice to rebuild the U.S. semiconductor industry, which has seen significant offshoring over the years. Raimondo highlighted that the grants are crucial for incentivizing companies to invest in U.S. manufacturing, pointing out that without such incentives, companies would continue to invest abroad where costs are lower. She also noted that the U.S. currently produces only about 12% of the world's semiconductors, underscoring the need for substantial investment to enhance national security and economic competitiveness.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/politics/government/commerce-secretary-blasts-trump-s-call-of-tariffs-to-replace-chip-grants/ar-AA1vscmS ]


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