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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 9:45 PM

(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.

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