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

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Mackenzie Hawkins / Bloomberg:
During his confirmation hearing for Commerce Secretary, 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’

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