Tariffs on products we don't have immediate domestic manufacturing capacity for will hurt the economy in the short term, which is not a great move during a period of rising inflation. It's a tough decision though, because it does feel like the better move for the long term.
Congress offloads imposing tariffs to the executive branch, so they'd need to take it back to do that. Otherwise, it's just a countdown for the industry to donate enough to the opposing political party's PACs to get them in office and repeal the looming tariffs.
ie. the current bill only passed because both political parties are fine with giving companies government money.
Intel is still a very large player in chips and dominate in some areas. Even TI which has tons of fabs (not highest end) as well. I don’t really understand this.
TI's fabs are mainly focused on analog, so the requirements are a bit different. IIRC we have 3 130-65nm layers for digital in our mixed signal designs which is roughly on par with a the process technology Intel used in 2005.
I agree tariffs are the right long-term move. I think they just have to be implemented gradually. Just increase it by 4% per year for the next 10 years.