First of all
People already carry a chip , its called your Passport and your ID card
All people who enter USA , are tracked with a entrance ID , in a database , shared by all organizations
When you open your bank account all data is shared with agencies (including photo copies of your info)
People are issued taxation ID and passport which has place of birth clearly mentioned
The new bank cards have special ID chips which may help track your purchasing history
Your credit card transactions are tracked what you purchased
There are video cameras in malls and stores which track if you purchased item by cash (in case you used counterfeit money)
And folks whose name is "Mohammad" they don't need any need for telling folks what their religion is.
Surveillance agencies, harvest facebook , searches done from IP and partnerships with Google allow folks to track which sites you visit.
When you send money to Pakistan that is recorded in your profile that you sent money to Pakistan for future reference
All telephone numbers are tracked , meta data info who you call or talk to
So I am not sure which new chip is being discussed because all the measures are already in place
Every person who enters USA gets a resident alien number designated to them , and when they leave country their information is recorded
Every thing is already there !!! It is Universally applied
While Mr Trump is a good Business man , I hope that he focuses on economy and building positive relations , religion is not his strength
Also worth noting is that Pakistan also have introduced similar measures to track people crossing borders , with emphasis on ID cards , unsure about chipped credit cards or banking cards.
Pakistan was also doing Retina Scan , when you make your Nadra card for ID purpose