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Don't Cry for Me: U.S. Semicon Industry Still Strong

By A. A. Imberman, PhD, Economics Dept. (Retired), University of Chicago
Recession is on the lips of all the doomsday-preachers; so calls have arisen for some sort of protective tariff on competitive imports from China, according to Professors Kenneth F. Scheve of Yale and Matthew J. Slaughter of Dartmouth in an article in the July/August issue of Foreign Affairs. But the tremendous rise in our semiconductor exports to China refutes these dire predictions of the demise of American manufacturing.