Biden Probes Chinese Semiconductors
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Chinese semiconductorsReuters
•Biden launches new US trade probe into legacy Chinese chips
75% Informative
The Biden administration announces a last-minute trade investigation into Chinese -made "legacy" semiconductors.
It could heap more U.S. tariffs on chips from China that power everyday goods from autos to washing machines to telecoms gear.
The effort could offer Trump a ready avenue to begin imposing some of the hefty, 60% tariffs that he has threatened on Chinese imports.
The probe is being conducted under the same unfair trade practices statute that Trump invoked to impose tariffs on some $370 billion worth of Chinese imports in 2018 and 2019 .
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