For the past half century, the political economy of the United States has rested upon a foundation of free markets and trade, and a federal government that refrains from picking winners and losers when it comes to domestic investment. The exceptions to that rule have revolved around national security ... READ MORE >
semiconductors
Latest moves in trade conflict hit U.S. tech industry hard
Early this month, the administration announced plans for fresh tariffs of 10% on an additional $300 billion in Chinese goods, effective Sept. 1; China responded by announcing a freeze on U.S. agricultural products, and allowing its currency, the yuan, to drop to its lowest level in a decade. Late last ... READ MORE >
Chipmakers face fresh woes in days following Fourth of July holiday
This year, it’s Japan and South Korea. Soon after the U.S. July Fourth holiday last year, the United States–China trade dispute saw significant escalation, and semiconductors were placed on the tariff list. This week, again following Independence Day, the industry has fallen prey to rising trade ... READ MORE >