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Will Both Parties Support Trump's Domestic Investment?
Will Both Parties Support Trump's Domestic Investment?

Bloomberg

time6 days ago

  • Business
  • Bloomberg

Will Both Parties Support Trump's Domestic Investment?

Jim Messina, The Messina Group Founder & CEO and Democratic strategist, & Sarah Chamberlain, Republican Main Street Partnership President & CEO, discuss President Trump having Apple CEO Tim Cook in the Oval Office to speak on Apple's domestic investment and whether or not Democrats and Republicans will see eye to eye on this program. They also talk about the President's claim that there will be a 100% tariff on chips & semiconductors, but explain this claim is more of a negotiation tactic. Both Jim and Sarah speak with Joe Mathieu on the late edition of Bloomberg's "Balance of Power." (Source: Bloomberg)

US Is Reworking Subsidy Awards to Chipmakers, Lutnick Says
US Is Reworking Subsidy Awards to Chipmakers, Lutnick Says

Bloomberg

time04-06-2025

  • Business
  • Bloomberg

US Is Reworking Subsidy Awards to Chipmakers, Lutnick Says

US Commerce Secretary Howard Lutnick said the Trump administration has been reworking agreements forged with semiconductor makers under the 2022 Chips Act to secure what he called better terms aimed at generating additional domestic investment. 'Are we renegotiating? Absolutely, for the benefit of the American taxpayer, for sure,' Lutnick said Wednesday at a Senate Appropriations Committee. 'We're getting more value for the same dollars.'

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