Semiconductor subsidies, tariffs are price of reducing dependence on China
“Tariffs didn’t shrink the overall U.S. trade deficit, just as free traders predicted. But they appear to have expanded U.S. imports from Mexico, South Korea and Vietnam, according to various studies, at China’s expense—which might have benefits that free traders don’t consider.”
[The Wall Street Journal]
U.S. concerned Ottawa's online streaming bill could impact trade with Canada
“By raising concerns before the bill even passes, there is an unmistakable signal that Canada could face hundreds of millions of dollars of retaliatory tariffs as a consequence of legislation that already faces widespread opposition from Canadian digital-first creators.”
[The Canadian Press]
U.S. tightens grip on exports of chipmaking gear to China
“Washington had banned the sale of most gear that can fabricate chips of 10 nanometers or better to Chinese leader Semiconductor Manufacturing International Corp. without a license. Now it has expanded that barrier to equipment that can make anything more advanced than 14 nm, Lam Research Corp. Chief Executive Officer Tim Archer told analysts.”
Pelosi hints at FTA with Taiwan amid China sanctions
“‘On the economy, we discussed a trade agreement that may be possible soon,’” she said.
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