Trump’s plan to impose semiconductor tariffs may be delayed, sources say

Officials are reportedly taking their time on US president’s long-promised chips plan to avoid a rupture with China

US officials are privately saying that they might not levy long-promised semiconductor tariffs soon, potentially delaying a centerpiece of Donald Trump’s economic agenda.

Officials relayed these messages over the last several days to stakeholders in the government and private industry, according to two people with direct knowledge of the matter and a third person briefed on the conversations. A fourth person following the matter also said the administration was taking a more cautious approach to avoid provoking China. The discussions have not been previously reported.

Continue reading…

Source: www.theguardian.com

Read full article