> Given that, I question how many of these are actually caused by the tariffs. For automotive and electronics, a lot of it was a result of CHIPS and IRA relate

> Given that, I question how many of these are actually caused by the tariffs. For automotive and electronics, a lot of it was a result of CHIPS and IRA related subsidizes That said, the tariffs do help incentivize domestic production instead of taking advantage of subsidizes from CHIPS+IRA and then comingling with SKUs from abroad. Think of the Biden-era CHIPS+IRA as the carrot, and the Trump associated tariffs and export controls as the stick.