Informed sources: Trump administration plans to tax foreign electronic equipment by the number of chips

The Trump administration is considering imposing tariffs on foreign electronic devices based on the number of chips in each device, according to Reuters, three people familiar with the matter said, in a move aimed at pushing companies to shift production to the US. The plan, which has not been previously reported and is still subject to change, would see the commerce department impose tariffs on imports equal to a percentage of the estimated value of the chip content of the product. If implemented, the plan would signal the administration's attempt to exert influence over consumer products ranging from toothbrushes to laptops.