Trump weighs tariffs on foreign electronics based on chips, Reuters says

The Trump administration is weighing slapping tariffs on foreign electronic devices based on the number of chips in each device, Reuters’ Alexandra Alper reports, citing three people familiar with the matter. According to the plan, the Commerce Department intends to impose a duty on the imported product that is equal to the percentage of the estimated value of the chip content of the device, the author notes. Publicly traded companies in the space include Sony (SONY), Nintendo (NTDOY), Samsung (SSNLF), Asustek (ASUUY), Panasonic (PCRFY), TSMC (TSM), and Foxconn (HNHPF).