TI and Intel Shares Sink as China Tariffs Hit US-Made Chips

[ad_1] Shares of chipmakers with US manufacturing plants fell Friday after China announced new tariffs, targeting semiconductor imports. Beijing will raise tariffs on all US goods from 84% to 125%, and the China Semiconductor Industry Association issued an emergency notice, which stated that customs determines the origin of imports by where chips are manufactured, not…

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Nitin Pai: Trump’s tariffs serve political ends even if they lack economic logic

[ad_1] Some of Donald Trump’s reasons for imposing tariffs on countries are understandable, even if their fitness for the purpose is debatable. Demanding that Mexico impose tighter border controls, Europe raise defence expenditure and China prevent fentanyl smuggling or else suffer economic punishment is coercive diplomacy. A good threat comprises a promise of punishment if…

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