WASHINGTON (AP) — White House press secretary Sarah Sanders says "significant work remains" in trade talks with China, and officials from both nations will be in continuous contact to resolve outstanding issues.
The White House issued the statement Friday after three days of talks in Washington.
United States Trade Representative Robert Lighthizer and Secretary of the Treasury Steven Mnuchin met with the Chinese delegation led by Chinese Vice Premier Liu He.
China and the U.S. are working to end a standoff that has shaken financial markets and darkened the outlook for the world economy.
Sanders says topics the two parties discussed included the protection of intellectual property, non-tariff barriers to trade, agriculture and enforcement.
Sanders describes the negotiations as "productive" and says the two sides made progress on "numerous key issues."
Featured Article: Tariff7 Semiconductor Stocks Set to Gain From the Chip Shortage
Who knew that something so tiny could create such a big problem? However, that’s the case with the semiconductor industry. Chip manufacturers are facing supply chain disruptions due to the Covid-19 pandemic.
Semiconductors are in high demand for the big tech companies who need the chips to power the servers for their data centers. But they are also needed for much of the technology we take for granted including laptops, tablets, mobile phones, gaming consoles, and automobiles – a sector that seems to be at the root of the current crisis.
Any weekend mechanic knows that even traditional internal combustion cars are heavily reliant on electronics. In fact, electronic parts and components account for 40% of a new, internal combustion vehicle. That’s more than doubled since 2000.
However as it turns out, some manufacturers may have overestimated how soon consumers would be ready for an “all-electric” future. And that meant that they didn’t forecast how much demand there would be for the kind of chips needed to do the mundane, but vital tasks of steering, braking, and even powering windows up and down.
Part of the problem is that U.S. businesses are heavily reliant on countries like China and Taiwan for their semiconductors. In fact, only about 12.5% of semiconductor manufacturing is done in the United States.
Of course, this creates a tremendous opportunity for the companies that manufacture these chips. And it comes at a good time. The semiconductor sector is notoriously cyclical and was coming down from the elevated demand for the 5G buildout.
In this special presentation, we’ll give you a list of seven semiconductor companies that you can invest in to take advantage of this opportunity.
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