WASHINGTON — U.S. Commerce Secretary Howard Lutnick said Wednesday that President Donald Trump's administration is working to craft a "targeted" and "thoughtful" tariff policy for semiconductors, reiterating that companies that produce products in the United States would not pay duties. During a CNBC interview, Lutnick confirmed that the administration is working on the envisioned tariffs, after Politico, a media outlet, reported last week that it is weighing new chip tariffs despite warnings from tech companies that the move could doom U.S. hopes of dominating artificial intelligence. "I think what you're going to see is targeted, thoughtful tariff policy that basically says if you build here, you don't pay, but if you don't build here, expect to pay to enter the greatest market in the world," the secretary said. Asked to confirm the Politico report that he favors a structure tying foreign companies' tariff relief to investment in U.S. chip manufacturing, Lutnick said, "Yeah. It's exactly right." "If you build in America, we will give you tariff relief, and if you don't build in Ameri