Group 1 - President Trump announced plans to impose tariffs on imported chips and semiconductors, with initial lower rates to encourage domestic manufacturing, followed by potential increases to 200% or 300% [1][2] - Semiconductor stocks experienced a significant drop, with the sector index falling over 2%, and individual companies like Lam Research and Micron Technology seeing declines of more than 7% and 5% respectively [1] - The Chicago Fed President described Trump's tariff policy as a "stagflationary shock," indicating it could raise prices while suppressing growth, complicating the Federal Reserve's dual mandate of managing inflation and employment [1] Group 2 - Trump indicated that he would finalize tariffs on steel and chips in the coming weeks, with a focus on encouraging companies to produce domestically rather than face high tariffs [2] - The semiconductor industry has been under investigation by the U.S. Department of Commerce since April, which is a prerequisite for imposing tariffs under national security claims [2] - Experts warn that the new tariffs could negatively impact large tech companies, as their success heavily relies on overseas markets, potentially diminishing their international competitiveness [6]