Put US tariffs on all chips made in China, says chair of high-profile House committee
A US House committee chair has urged the US Trade Representative to impose tariffs on all semiconductors made in China. John Moolenaar, from the House Select Committee on the Chinese Communist Party, made the recommendation during a hearing, emphasizing the need to prevent China from flooding the global market with subsidized chips.
Moolenaar also stressed the importance of collaborating with allies like Japan, South Korea, the European Union, and Taiwan to counter China's trade practices. This recommendation comes as former President Trump has threatened "reciprocal tariffs" on all US trade partners and has specifically mentioned potential levies on EU imports and Taiwanese semiconductors, creating uncertainty among key US allies in the semiconductor industry.
via SCMP Full Text Feed
A US House committee chair has urged the US Trade Representative to impose tariffs on all semiconductors made in China. John Moolenaar, from the House Select Committee on the Chinese Communist Party, made the recommendation during a hearing, emphasizing the need to prevent China from flooding the global market with subsidized chips.
Moolenaar also stressed the importance of collaborating with allies like Japan, South Korea, the European Union, and Taiwan to counter China's trade practices. This recommendation comes as former President Trump has threatened "reciprocal tariffs" on all US trade partners and has specifically mentioned potential levies on EU imports and Taiwanese semiconductors, creating uncertainty among key US allies in the semiconductor industry.
via SCMP Full Text Feed
