Thu, 18 Mar 2004

US tells China to drop chip sales tax - or else

This could be instructive for those who do not understand that "free trade" isn't really very free at all ... imagine China's reaction if we imposed a 17% tax on textiles, with a 14% rebate to domestic textile producers.

Note that this situation has been ongoing since 2000, and that it's taken our government nearly four years to notice and complain. Given that the semiconductor industry is one of the more influential in lobbying Washington, this doesn't bode well for those in less "well-connected" industries.

It's (trade) war!

(link) [The Register]

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