Donald Trump and his backers were hardly fans of the Biden administration's CHIPS and Science Act during the election campaign, yet the next U.S. government does not plan to reverse it. At least, that's the impression the next U.S. Commerce Secretary, Howard Lutnick, gave to outgoing Secretary Gina Raimondo, Bloomberg reports.
Before the election, Trump criticized the CHIPS Act, labeling it highly flawed and proposing tariffs as an alternative. But Lutnick, his chosen appointee for the position who will inherit program management from Raimondo, has indicated that he plans to continue with its implementation.
