On the latest episode of ‘Fox & Friends First,’ E.J. Antoni, a senior research fellow at the Heritage Foundation, addressed the growing debate over U.S. trade policy and its impact on the technology sector. The discussion was prompted by President Donald Trump’s recent announcement of new tariffs on imported semiconductors, a move that has sparked concern among industry leaders and economists.
Antoni argued that while the tariffs are designed to protect domestic manufacturing, they could inadvertently raise costs for tech companies reliant on global supply chains. ‘The long-run driver of economic growth is investment, not protectionism,’ he asserted, highlighting the importance of encouraging U.S. companies to invest in local innovation and production rather than relying on foreign manufacturing.’
The conversation took on added significance with the news that Apple Inc. (AAPL) has announced plans to significantly increase its investment in the United States. The tech giant has previously pledged to bring some of its manufacturing back to the U.S., and Antoni saw this as a positive development for American workers and the broader economy. However, he also cautioned that such moves must be accompanied by supportive policies to ensure long-term competitiveness.
‘The real challenge is not just about bringing jobs back,’ Antoni explained. ‘It’s about building a sustainable ecosystem that encourages innovation, attracts talent, and ensures that the U.S. remains at the forefront of global technology leadership.’