Not really.

Donald Trump might be a drooling moron but it’s the Americans who now have TSMC and Intel fabs churning out chips on modern process nodes. We have a nice webpage: https://digital-strategy.ec.europa.eu/en/policies/european-chips-act

This isn’t the purpose of those tariffs though. In my experience they’re meant to bring back Sega Dreamcast battery holder manufacturing back to the motherland, apparently.