The Trump administration is reportedly considering a major new regulation: taxing imported electronic products based on the number of chips.

According to the Financial Times APP, three informed sources revealed that the Trump administration is considering imposing tariffs based on the number of chips in imported electronic devices to encourage companies to bring manufacturing back to the United States. This plan, which has not been reported publicly and may be subject to change, shows that the US Department of Commerce will levy tariffs proportionally based on the estimate value of the chips in the products.