During his confirmation hearing for Secretary of Commerce, Howard Lutnick called the CHIPS Act an “excellent down payment” but pledged to review binding awards (Mackenzie Hawkins/Bloomberg)

Mackenzie Hawkins / Bloomberg:
During his confirmation hearing for Secretary of Commerce, Howard Lutnick called the CHIPS Act an “excellent down payment” but pledged to review binding awards  —  – Trump has said he prefers tariffs for luring chipmakers to US  — Lutnick called the Chips Act an ‘excellent down payment’