49 members of US Congress object to semi tariffs
- Author:Ella Cai
- Release on:2018-08-01
49 members of the US Congress have asked the Trump Administration to remove tariffs on U.S. semiconductor products imported from China.
In a letter to Ambassador Robert Lighthizer, U.S. Trade Representative (USTR), the government body charged with issuing the tariffs, the Representatives stressed the importance of semiconductors in the modern economy, arguing that the duties will do nothing to address U.S. concerns over China’s trade practices.
USTR is a bipartisan group of Members of the House of Representatives led by Reps. Pete Sessions (R-TX) and Zoe Lofgren (D-CA), the House co-chairs of the Congressional Semiconductor Caucus.
According to SEMI, the proposed tariffs will reduce semiconductor-related exports, limit technology innovation, introduce significant uncertainty in the semiconductor supply chain and cost U.S. companies an estimated more than $500 million annually.
In a letter to Ambassador Robert Lighthizer, U.S. Trade Representative (USTR), the government body charged with issuing the tariffs, the Representatives stressed the importance of semiconductors in the modern economy, arguing that the duties will do nothing to address U.S. concerns over China’s trade practices.
USTR is a bipartisan group of Members of the House of Representatives led by Reps. Pete Sessions (R-TX) and Zoe Lofgren (D-CA), the House co-chairs of the Congressional Semiconductor Caucus.
According to SEMI, the proposed tariffs will reduce semiconductor-related exports, limit technology innovation, introduce significant uncertainty in the semiconductor supply chain and cost U.S. companies an estimated more than $500 million annually.
