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US considering tougher trade rules in chip crackdown on China, Bloomberg News reports
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US considering tougher trade rules in chip crackdown on China, Bloomberg News reports
Jul 16, 2024 9:25 PM

July 16 (Reuters) - The Biden administration has

informed allies that it is considering using the most severe

trade restrictions available for China if companies including

Tokyo Electron ( TOELF ) and ASML Holding NV continue

giving the country access to advanced semiconductor technology,

Bloomberg News reported on Tuesday.

The US is weighing whether to impose a measure called the

foreign direct product rule, or FDPR, the report added, citing

people familiar with the discussions.

(Reporting by Surbhi Misra in Bengaluru; Editing by Janane

Venkatraman

)

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