China and the United States have an annual trade volume of more than 500 billion US dollars and are highly complementary. However, in 2018, trade wars broke out between the two sides. US President Trump announced a 25% tariff on 50 billion US dollars of goods imported from China. In addition to the $100 billion in commodity taxation preparations, China immediately announced a counterattack and imposed a 25% tariff on US products. No one is a winner in the Sino-US tariff war, but only hurt each other. The Semiconductor Industry Association announced today that it will support the cancellation of additional tariffs on semiconductor products imported from China. It believes that this will limit innovation and reduce US exports, causing US companies to spend an additional US$500 million annually. .

On Monday, more than 50 US lawmakers signed a joint letter to US Trade Representative Robert Wright Heze, calling for the elimination of tariffs on semiconductor supply chain products imported from China. This shows the importance of semiconductors in the modern economy. They believe that the imposition of tariffs does not help solve the trade problem with China.

The global semiconductor association SEMI subsequently issued a statement in support of the elimination of tariffs on semiconductor products imported from China. SEMI believes that the imposition of additional tariffs will ultimately reduce exports, limit innovation, and bring significant uncertainty. It is estimated that US tariffs will cost US companies an additional $500 million a year.

In addition, this move may also increase prices and put thousands of high-paying and high-tech jobs at risk. Last week, SEMI also testified before the US government agency group, urging the government not to impose tariffs on products in the semiconductor supply chain.

SEMI is the abbreviation of the Global Semiconductor Association. It has more than 2,000 members and more than 1.3 million professionals, many of which are American companies. Therefore, SEMI's statement can be understood as an attitude of the US semiconductor industry company to the tariff war.

PS: In the understanding of many people, the United States should export semiconductor products to China the most. How does SEMI express its support for eliminating tariffs on semiconductor supply chain products imported from China? In fact, this issue is a manifestation of the global division of the global semiconductor industry. The US semiconductor company is of course the most powerful in the global semiconductor industry, such as Intel, but Intel also has a test factory in China. In 2017, Intel itself has a chip worth $12.5 billion. It is exported from China to the United States. According to the US algorithm, these goods are imported from China and require additional tariffs, but this cost is ultimately borne by US companies, so SEMI said that the US company will increase the additional US$500 million. The cost is like this.

According to the statistics of the US Department of Commerce, the import and export volume of bilateral goods between the United States and China was 289.15 billion US dollars, an increase of 9.8%. Among them, the United States exports to China 59.52 billion US dollars, an increase of 15.6%, accounting for 7.8% of the total US exports, an increase of 0.6 percentage points; the United States imports from China 229.91 billion US dollars, an increase of 8.4%, accounting for 20.3% of the total US imports, an increase of 0.2 percentage point. The US trade deficit was 170.67 billion US dollars, an increase of 6.1%. murata

The United States imports mainly from China, with mechanical and electrical products. The import value from January to June was 114.50 billion US dollars, accounting for 49.8% of the total US imports from China, an increase of 11.3%. Among them, the import of motor and electrical products was 63.08 billion US dollars, up 13.7%; the import of machinery and equipment was 51.41 billion US dollars, up 8.6%. Furniture toys, textiles and raw materials, and base metals and products rank second, third and fourth respectively in the United States from China. Imports from January to June were US$26.04 billion, US$17.24 billion and US$12.46 billion, accounting for US China's total imports were 11.3%, 7.5% and 5.4%, up or down by 8.4%, -1.5% and 9.9%.