Despite Meeting With Nvidia CEO, Trump Sticks With Plan to Tariff Foreign Chips
Posted: Feb 01, 2025
- President Trump plans to impose tariffs on foreign-made chips, oil, and gas, with plans around 18th February
- Had meeting with Nvidia CEO about tariffs on chips from Taiwan's TSMC
- Plans to put tariffs on Canadian, Mexican, and Chinese goods starting Feb 1
- Tariffs may lead to price hikes for consumers
- Consumer Technology Association warns tariffs could lower demand for electronics
- Trump aims to encourage tech companies to move manufacturing to the US, but it takes time and investment
- Trump may consider imposing tariffs on the European Union as well
What do people on Reddit think?
🚨 Reddit sentiment: mixed/negative - While some users are hoping for positive outcomes from the Nvidia CEO meeting with Trump, there's a notable concern about the implications of tariffs, potential price increases, and skepticism towards Trump's policies. Summarized comments: - Concerns about the impact tariffs may have on Tesla's and other companies' supply of GPUs - Discussions about whether meeting with Nvidia's CEO would change Trump's policy on tariffs - Users expressing hopes and doubts about the outcome of the Trump and Nvidia CEO meeting, some with financial bets on the outcome - Comments about corporations potentially using tariff threats as a means to increase prices for profit - Skepticism over Trump's approach to tariff policies and rhetoric Stock tickers discussed: $NVDA, Tesla
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