ITIF：2026年半导体进口232关税的经济后果报告（英文版）

The Trump administration has once again targeted semiconductor imports with tariffs, this time under Section 232 of the Trade Expansion Act.  ITIF finds that a 25 percent semiconductor tariff would reduce GDP by a cumulative $1.6 trillion, or 3.9 percent of U.S. GDP, if kept in place for a 10-year period.  A 25 percent tariff would reduce U.S. GDP per capita by $170 in the first year and by a cumulative total of $4,825 by the 10th year if the tariffs were sustained for that long.  A 25 per