Tariffs on Chinese Chip Imports ‘Disproportionately’ Harm US: SIA
The “harmful” Section 301 tariffs on Chinese semiconductor imports “are exacerbating the ongoing chip shortage and slowing our economy,” and they should be eliminated, blogged the Semiconductor Industry Association, following up on Dec. 1 comments urging the Office of the…
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U.S. Trade Representative to reinstate previously extended tariff exclusions. The tariffs, “in their most direct effect,” add 25% to the cost of covered semiconductors, and subsequently contribute to inflationary price increases driven by global shortages and rising demand, said SIA Wednesday. The tariffs “are disproportionately harming the U.S. semiconductor industry and broader U.S. interests, all while failing to put real pressure on the Chinese government to change its unfair trade practices,” it said. USTR didn't comment Thursday.