econ

**— officials say it protects the $53 billion spent on the CHIPS Act**

> "Raising the tariff rate on semiconductors is an important initial step to promote the sustainability of these investments." - White House

![](https://m.stacker.news/31216)

> U.S. President Joe Biden has announced sweeping tariff increases across several Chinese imports, notably semiconductors, electric vehicles, batteries and battery components, solar cells and many components that make up our tech. [According to a White House press release](https://www.whitehouse.gov/briefing-room/statements-releases/2024/05/14/fact-sheet-president-biden-takes-action-to-protect-american-workers-and-businesses-from-chinas-unfair-trade-practices/?s=31), tariffs on Chinese semiconductors will increase from 25% to 50% in 2025, effectively doubling its tax rate.
>
> ### [... read more at tomshardware.com](https://www.tomshardware.com/tech-industry/semiconductors/us-to-increase-tariffs-on-chinese-semiconductors-by-100-in-2025-officials-say-it-protects-the-dollar53-billion-spent-on-the-chips-act)
