​Combatting China’s Legacy Chip Threat: Time To Revive Section 421 – Tyler Durden

Combatting China’s Legacy Chip Threat: Time To Revive Section 421 Authroed by Jonathan Harman & Lillian Ellis via RealClearDefense, The People’s Republic of China (PRC) has long sought to make geopolitical competitors dependent on it for materials necessary for national security by oversaturating the market with cheap Chinese products. Using that same strategy, the PRC is now looking to gain a monopoly on legacy chips—less advanced microchips required for both civilian and military technology. To combat this and future Chinese market threats to American national security, Congress should reinstate and modernize Section 421 of the 1974 Trade Act to allow…  — Continue at ZeroHedge News : Read More