Donald Trump’s administration plans to spare Amazon (AMZN), Google (GOOGL), Microsoft (MSFT), and others from tariffs on chips as they work to build data centers powering AI, Aime Williams of The Financial Times reports. These exemptions underscores President Trump’s intention to impose tariffs on chips and incentivize chipmaking in the U.S. while offering relief to companies powering AI expansion in the U.S.
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