Industry Focus: Semiconductor Manufacturing & National Security - The industry emphasizes the importance of bringing manufacturing, particularly chip manufacturing, back to America to compete with China [1] - National security concerns necessitate the return of defense-related manufacturing [1] Government Intervention & Economic Policy - The industry questions the effectiveness of government intervention, specifically taking equity stakes in companies like Intel while excluding others like Nvidia, deeming it "crony capitalism" [1] - The industry suggests that tariffs on defense and national security-related items are a more appropriate method [1] - The primary goal should remain focused on bringing manufacturing back to America [1]

It was a long week for economic data and some of it showed that tariffs are beginning to hit consumers harder. And today the president teased that tariffs on semiconductors that could be set as soon as next week. Those tariffs could be between two and 300%.Well, as much as economic data we got all week, I have been waiting all week to talk to this guy, my friend Justin Wolfers. He is a professor of economics and public policy at the University of Michigan. I want to talk about everything, but let's start sp ...