They dragged trading partners to the table and pulled real money back onshore; Taiwan alone committed $250 billion to build chips here. A wall-to-wall tariff on every chip crossing the border is a different animal, and Beijing would love nothing more than to watch us build it. The American firms designing the best chips and training the best models are the biggest advantage we hold over Beijing. A well aimed tariff makes America stronger and China weaker. A blanket chip tariff would manage the opposite.