President Biden released a multi-pronged strategy to secure critical supply chains in products ranging from medicines to microchips, and is also weighing a potential trade probe that could result in U.S. tariffs on certain magnet imports.
EU leaders and President Biden will commit to ending outstanding trade battles when they meet next week and promise to remove tariffs related to a steel and aluminum conflict before the end of the year.
John Scannapieco, shareholder and chair of the Global Business Team with the law firm of Baker Donelson, details the frustrations that shippers and freight forwarders are experiencing as they struggle to get products to market.
Taiwan Semiconductor Manufacturing Co. said it’s moving forward with plans to build a $12 billion chip plant in Phoenix, a step toward addressing U.S. concerns over reliability and security in the tech supply chain.
David O’Sullivan, Senior Counselor with Steptoe & Johnson LLP, outlines some of the major policy actions and concerns issuing from the European Union today.
Having successfully sidestepped the first Covid wave, the government now faces a health emergency — only about 1% of its population is vaccinated so far — with the potential to disrupt the chip industry that dominates the local economy, and which is critical to an already-squeezed global supply.
The Biden administration is exploring how to help semiconductor producers and buyers share supply chain information to alleviate the global chip supply crisis.
Liz Dubeck, project finance and development partner with the law firm of O’Melveny & Myers LLP, outlines the prospects for private-sector participation in infrastructure development called for in President Biden’s ambitious initiative.