Trump’s Call for Chips Act Repeal Spurned by Key US Lawmakers
- Schumer sees Trump failing in bid to end $52 billion program
- GOP lawmakers open to changes, not full revocation of 2022 law
Chuck Schumer
Photographer: Valerie Plesch/BloombergThis article is for subscribers only.
US lawmakers who helped secure billions of dollars in subsidies for domestic semiconductor manufacturing rejected President Donald Trump’s call to revoke the 2022 Chips Act, signaling that any repeal effort in Congress would fall short.
Senate Democratic Leader Chuck Schumer, who negotiated the law, predicted Wednesday that Trump’s demand would fail, while a top Republican proponent, Senator Todd Young, expressed surprise at the president’s comments and said he expects the administration to keep the program running.