Just about every other day there's a new development in the escalating tech war between China and the US. Whether it's blocking the servicing of advanced chip making equipment in China, or the blocking of Windows and Intel and AMD chips from Chinese government systems, it's a never ending merry go round of tit-for-tat measures and retaliations.
Applying tariffs to imported goods in order to protect a domestic industry is straight out of the economic playbook, and that's exactly what the Biden administration has done, by announcing a doubling of the tariffs it applies to imported Chinese semiconductors, from 25% to 50%.
