U.S. delays new tariffs on Chinese chips until June 2027

The Office of the U.S. Trade Representative said Tuesday it will delay additional tariffs on semiconductors imported from China until June 2027.The announcement, following the conclusion of the trade office's one-year investigation, was made amid easing tensions between the United States and China.The office said the initial level of the additional tariffs will be held at zero percent for 18 months, although its probe under Section 301 of the U.S. 1974 trade law found China's "targeting of the semiconductor industry for dominance is unreasonable and burdens or restricts U.S. commerce and th…READ FULL ARTICLE