U.S. Chipmakers Preparing for China Trade Fight Fear That All Will ‘Suffer’

As noted by Bloomberg, an ITIF report showed that strict export restrictions on emerging technologies could lead U.S. companies to lose $14.1 billion to $56.3 billion in revenue over five years, threatening as many as 74,000 jobs. The semiconductor industry alone could lose more than 9,000 jobs after a year of 20% tariffs.