Commerce Secretary Gina Raimondo is raising concerns that China is distorting the market for mature node semiconductors by overproducing the chips. She told investors at a roundtable discussion that China’s non-market actions are preventing US companies and those in in US ally countries, from competing on a level playing field. To combat China’s practices, Ms. Raimondo said the Administration will continue to impose targeted tariffs on semiconductors imported from China.
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