SEMI Supports Congressional Response to USTR Regarding China Trade Tariffs

SEMI fully supports the Congressional recommendation and believes that the proposed tariffs will ultimately 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. The tariffs also threaten to raise prices of semiconductor products and put thousands of high-paying and high skill jobs at risk. Last week, SEMI testified before a U.S. government interagency panel weighing the merits of the tariffs, urging the Trump administration to eliminate tariffs on semiconductor products.

 

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