'It's bananas.' Trump teases semiconductor tariffs as high as 300%

Tariffs and Trade Policy - Tariffs on semiconductors could range from 2% to 300% [1][2][3] - The President previously implemented tariffs but made exceptions for computers and smartphones to avoid consumer backlash [4] - Potential exemptions for companies manufacturing in the United States are being considered [5] Economic Impact and Policy Concerns - Tariffs are beginning to negatively impact consumers [1] - The current administration's approach to economic policy is described as inconsistent and not well-considered [3] - The President is perceived as intervening in individual companies' operations, resembling the management style of the Trump Organization [6][7][8] Crony Capitalism and Market Distortion - The economy is potentially entering an early stage of crony capitalism, where relationships with the White House are more important than innovation [9][10] - This shift could fundamentally alter American capitalism, leading to long-term negative consequences for future generations [15] - Resources may be diverted from innovation to lobbying and currying favor with the government [14]