​US Launches New Trade Probe Into Chinese Legacy Chips – Tyler Durden

US Launches New Trade Probe Into Chinese Legacy Chips Authored by Lily Zhou via The Epoch Times (emphasis ours), The Biden administration announced an 11th-hour probe on Monday into China’s trade practice regarding “legacy” chips that power everything from smart appliances and phones to the electric grid and weapons systems. A worker producing semiconductor chips at a workshop in Suqian, China, on Feb. 28, 2023. STR/AFP via Getty Images The administration has already imposed 50 percent tariffs on semiconductors from China, which are set to take effect on Jan. 1. The new Section 301 probe could pave the way for…  — Continue at ZeroHedge News : Read More