Trump Tariffs Live Updates: US to Impose Tariffs on Chinese Chips in Mid-2027; Hassett Says $2K Rebate Checks 'Likely'

The trade tensions between the US and China continue to simmer, with new developments emerging in the past 24 hours. As part of its ongoing efforts to counter China's technological advancements, the US is planning to impose tariffs on Chinese-made microchips starting mid-2027.

This move comes as the global tech industry grapples with the implications of supply chain disruptions and rising costs. The US has long been concerned about China's dominance in the chip market, with many American companies relying heavily on imported components.

Meanwhile, Kevin Hassett, a former advisor to President Trump, hinted that rebate checks worth $2,000 could be on the way for eligible Americans. Speaking at a recent event, Hassett noted that such a move would likely be part of an economic stimulus package aimed at boosting consumer spending and driving growth.

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As trade negotiations between the US and China continue to unfold, one thing is clear: the impact will be felt across multiple industries, from tech to automotive and beyond. Stay tuned for further updates and analysis as this story continues to develop.