Reagan Defends U.S. Semiconductor Industry
This is a Japan news story, published by Reason Magazine, that relates primarily to Reagan news.
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American semiconductor manufacturingReason Magazine
•The First Semiconductor Trade War
64% Informative
Ronald Reagan responded to the growing technological prowess of Japan in 1987 .
Reagan slapped 100 percent tariffs on all semiconductors imported from Japan .
Congress approved a $500 million industrial policy to subsidize American chipmakers.
Reagan administration had reached a deal that was supposed to limit Japanese companies' sales of computer chips to America .
Sen. Chuck Schumer pushed a bill to provide $52 billion in subsidies for U.S. chipmakers.
Julian Zelizer : Republicans have been eager to line up behind the cause as a way of demonstrating their anti- China hawkery.
He says the best chips made in China are several generations behind those made in America and Taiwan , and closing the gap will be difficult.
Zelizer says policy makers should be skeptical of ideas based on an inaccurate understanding of the global marketplace.
VR Score
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