US Holds Off on New Chinese Chip Tariffs Amid Trump-Xi Truce
An employee inspects integrated circuit boards at a factory in Suzhou, China.
Photographer: Qilai Shen/BloombergThe US accused China of engaging in unfair trade practices in the semiconductor sector, but is declining to impose additional tariffs on chip imports until at least mid-2027.
The Office of the US Trade Representative on Tuesday released the findings of a nearly yearlong inquiry into China’s chip sector that was launched in the final weeks of the former President Joe Biden’s administration, with the expectation the matter would be resolved under President Donald Trump. In the intervening months, Trump struck a truce with Chinese President Xi Jinping to end a trade war that rattled global markets.