US-China Tensions Escalate Over Chips

The video discusses a weak sales forecast due to low demand in the phone and PC markets, with expectations of growth driven by AI in the future. The CHIPS and Science Act aims to boost US manufacturing and compete with China. Tariffs and economic policies are debated, with potential trade investigations and tariffs under the Biden administration. The Federal Reserve is cautious about the inflationary impact of tariffs, as discussed in a recent press conference.

What are the potential impacts of tariffs on the U.S.-China chip competition as discussed in the text?

What did Chairman Powell say regarding the potential inflationary impacts of tariffs?