Trump strikes “wild” deal making US firms pay 15% tax on China chip sales

The article discusses a "wild" deal made by former US President Donald Trump that requires US firms to pay a 15% tax on chip sales to China. This deal was intended to address national security concerns, but it is unlikely to resolve them. The article notes that the deal was struck during Trump's administration, and it remains in place under the current Biden administration. The tax is aimed at making it less profitable for US firms to sell advanced chips to China, which is seen as a strategic competitor. However, the article suggests that the deal is not a comprehensive solution to the national security issues surrounding the semiconductor industry and US-China relations. It is described as a "wild" deal, implying that it may not be the most effective or well-thought-out approach. The article does not provide further details on the specific national security concerns or the potential consequences of the deal. It simply states that the deal won't resolve these concerns, leaving the reader to infer the complexities and limitations of this policy measure.