Reported 2 days ago
The U.S. Trade Representative's Office will hold a hearing on Tuesday regarding older Chinese-made semiconductors, which could result in increased tariffs on these chips that are vital to various U.S. industries. This investigation, initiated under President Biden in December, aims to safeguard American semiconductor manufacturers against China's aggressive state-supported chip production. A 50% tariff on Chinese semiconductors has been in effect since January 1.
Source: YAHOO