Short-Circuited:HowSemiconductorTariffsWouldHarmtheU.S.EconomyandDigitalIndustryLeadershipSTEPHENEZELL,TRELYSALONG,ANDMEGHANOSTERTAGMAY2025ImposingblankettariffsonU.S.semiconductorimportswouldimperilU.S.leadershipacrossabroadrangeofdigitalandnondigitalindustrieswhilesignificantlydecreasingU.S.economicgrowth,raisingprices,andjeopardizingbroaderU.S.manufacturingcompetitiveness.KEYTAKEAWAYSAblanket25percenttariffonU.S.semiconductorimportswouldproducea0.18percentdownturninU.S.economicgrowthinthefirstyear,andifsustainedover10years,wouldresultina0.76percentslowdowninU.S.economicgrowthinthe10thyear.A10percenttariffwouldresultin0.06percentofU.S.grossdomesticp...