Trump’s Tariff Plans, Chips, & Lidia Bastianich on Cricket Pesto 11/26/24

President-elect Trump says he plans to raise tariffs by an additional 10% on China and impose 25% tariffs on Mexico and Canada. CNBC’s Megan Cassella talks through the latest reporting on Trump’s plans for tariffs on day one of his administration. Next, the U.S. has finalized a $7.9B award to Intel to fund chips projects. Chris Miller, Tufts Fletcher School professor and ‘Chip War’ author, discusses the future of semiconductor legislation in a second Trump administration, as well as the global competition for US chipmakers. Ahead of Thanksgiving, chef, restaurateur, and Eataly partner Lidia Bastianich shares her turkey dinner tips amid rising food prices and her experiments with a surprising ingredient: crickets. Plus, Walmart pulls back on DEI efforts and Qualcomm’s interest in taking over Intel is reportedly waning.

Megan Cassella - 03:51

Chris Miller - 19:23

Lidia Bastianich - 27:55

In this episode:

Megan Cassella, @mmcassella

Chris Miller, @crmiller1

Lidia Bastianich, @LidiaBastianich

Becky Quick, @BeckyQuick

Joe Kernen, @JoeSquawk

Andrew Ross Sorkin, @andrewrsorkin

Katie Kramer, @Kramer_Katie