Second NC Lawmaker Backs Cree's Call to Remove LEDs From Tariffs List
A second U.S. House member from North Carolina went to bat for Cree’s attempt (see 1806110033) to fend off Trade Act Section 301 tariffs on U.S. imports of LEDs from China. The company produces LED wafers at its plant in…
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Durham, North Carolina, exports them to China for making them into finished packaged chips and re-imports those chips to the U.S., said David Price (D) in a June 8 letter to U.S. Trade Representative Robert Lighthizer posted Wednesday in docket USTR-2018-0005. Cree would be forced to pay 25 percent higher duties on the devices, “despite the fact that approximately 70 percent of the value of these LED chips and components" is based on U.S. IP, Price said.