this post was submitted on 06 Aug 2025
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From that article:
I think that, insofar as Trump has a coherent view, that's it: he doesn't want to give companies money to establish chip manufacturing in the USA, because he thinks it can be done instead by bullying them with tariffs so they are forced to fund it themselves if they want to stay in business.
I'm not saying that's a wise view. There's a good chance he just ends up creating more economic problems at home. And it's in part driven by his desire to get revenge on Biden by undoing everything he did, rather than a rational appraisal of economics.