SEMI Concerned by Use of Tariffs and Urges Congressional Leaders to Engage In Multi-Industry Association Letter
April 12, 2018 -- Today, SEMI, with 106 other associations, submitted a letter to House Ways and Means Committee Chairman Kevin Brady and Ranking Member Richard Neal, ahead of today’s hearing on "Effects of Tariff Increases on the U.S. Economy and Jobs." In this letter, we expressed our deep concern with the Trump Administration’s decision to use tariffs to address China’s unfair trade practices.
Intellectual property (IP) is the crown jewel of our industry, and SEMI strongly supports efforts to better protect valuable IP. However, we worry that these tariffs will hurt companies in the semiconductor supply chain, introduce significant uncertainty, impose greater costs, open companies to retaliatory tariffs, and will ultimately do nothing to address our concerns regarding China’s trade practices. We strongly encourage Congress to work together and with the Administration to jointly develop and execute a plan that will address the longstanding problems with China. A copy of the letter can be found here: http://www.semi.org/Multi-Industry-Association-Letter
As part of the SEMI Washington Forum (April17-18), SEMI staff and senior executives from across the industry will raise this and other issues with policymakers in Washington, DC. SEMI will continue to engage as trade tensions continue.