President Donald Trump announced a sweeping 100% tariff on computer chips and semiconductors, a move likely to raise prices on electronics, vehicles, and household goods. However, he emphasized that companies manufacturing within the U.S. would be exempt. This marks a sharp departure from the incentive-based approach of the CHIPS and Science Act signed by President Biden, which offered $50 billion in subsidies to boost domestic chip production. Trump’s strategy leans on economic pressure rather than financial support, aiming to compel companies to relocate manufacturing to the U.S. despite potential cost increases for consumers.
Foreign Policy Tensions and Vaccine Controversies
The administration also escalated trade tensions with India by imposing an additional 25% tariff due to its purchases of Russian oil, bringing the total to 50%. Trump hinted that a peace deal between Russia and Ukraine could influence future tariff decisions but remained noncommittal. Meanwhile, Health Secretary Robert F. Kennedy Jr. announced the cancellation of $500 million in mRNA vaccine funding, citing concerns about efficacy. Experts strongly refuted his claims, pointing to extensive evidence that mRNA vaccines significantly reduce severe illness and death from respiratory viruses like COVID-19.
Domestic Political Maneuvers and Historical Restoration
Domestically, Trump weighed in on the Texas Democrats’ walkout to block redistricting legislation, suggesting the FBI might intervene, though legal experts questioned the feasibility. In El Salvador, the administration defended President Nayib Bukele’s constitutional changes to extend presidential terms, rejecting comparisons to authoritarian regimes. Separately, the Army revealed plans to restore a Confederate monument at Arlington National Cemetery, a $10 million project expected to take two years. Trump also announced a forthcoming meeting to discuss vaccine policy, referencing his earlier success with Operation Warp Speed while signaling a shift toward new health initiatives.
