The Role of Low-Cost Environments in the High-Tech Industry

ITIF is looking at semiconductors in particular and this is the world's fourth most traded industry. It relies on a rich tapestry of specialized suppliers Across the world who are developing key inputs from chemicals to gases to photo mask, PCVs. Countries that have offered a zero in Zero out tariff environment make themselves particularly attractive to this industry If countries are going to impose tariffs on these key inputs coming in towards the Final good right the final semiconductor They are essentially Exising and excluding themselves from competition in this industry And so as I know you've studied recently when you look at Malaysia That have entered the information technology agreement the ITA an agreement that eliminates tariffs on Hundreds of ICT goods