Trump will reshore chipmaking from Taiwan, commerce secretary says

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20250403 Lutnick hands board

U.S. Commerce Secretary Howard Lutnick, right, hands President Donald Trump a chart displaying reciprocal tariffs at the Rose Garden of the White House on April 2.  © Reuters

KEN MORIYASU

WASHINGTON -- A day after U.S. President Donald Trump announced sweeping global tariffs, Commerce Secretary Howard Lutnick said the administration's strategy is to boost domestic factory production, including wrestling semiconductor manufacturing away from Taiwan.

Speaking on CNBC on Thursday, Lutnick explained that semiconductors are not part of the across-the-board 10% baseline tariffs or the individual reciprocal tariffs announced Wednesday, but that they will be targeted later.

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