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VOICE ARCHIVE

Brad Setser

@brad_setser
14 posts
2026-02-25
Great story in the New York Times highlighting the difficulties that the US government has faced in getting the world's most profitable companies to take supply chain security seriously, and reduce their exposure to a crisis in the Taiwan straights 1/ [image]
2026-02-25 View on X
New York Times

How Silicon Valley has long ignored China's looming Taiwan invasion and its chip supply impact; US officials warned Apple, AMD, and Qualcomm about China's plans

2026-02-24
Great story in the New York Times highlighting the difficulties that the US government has faced in getting the world's most profitable companies to take supply chain security seriously, and reduce their exposure to a crisis in the Taiwan straights 1/ [image]
2026-02-24 View on X
New York Times

How Silicon Valley has long ignored China's looming Taiwan invasion and its chip supply impact; US officials warned Apple, AMD, and Qualcomm about China's plans

Federal officials have for years tried to wean Silicon Valley from its dependence on Taiwan, an island democracy roughly the size …

2025-10-30
Chinese concessions (beans purchases, pause on rare earth export controls) were telegraphed in advance. US concessions seem to include -cutting the term 2 tariff on China from 30% to 20% (= to most of emerging Asia) -dropping the shipping 301 -[welcoming investment?] 1/2
2025-10-30 View on X
Bloomberg

President Trump says he and Xi Jinping discussed Nvidia and other chipmakers' access to China, and that they didn't discuss approving sales of Blackwell chips

US President Donald Trump said he didn't discuss approving sales of Nvidia Corp.'s Blackwell chips to China with his counterpart Xi Jinping …

Chinese concessions (beans purchases, pause on rare earth export controls) were telegraphed in advance. US concessions seem to include -cutting the term 2 tariff on China from 30% to 20% (= to most of emerging Asia) -dropping the shipping 301 -[welcoming investment?] 1/2
2025-10-30 View on X
New York Times

After Trump and Xi's meeting, China says it will suspend its rare earth export controls issued on October 9 for one year, but says nothing about earlier limits

let the Chinas work it out; (2) remove the chips controls. China (1) removes rare earth controls; (2) agrees to sell TSMC to US investors and guarantees Demetri / @dimi : China's c...

2025-09-29
Important story in the NYT for those with an interest in the darker sides of economic and technological interdependence. 1/2 [image]
2025-09-29 View on X
New York Times

A look at China's Ministry of State Security, which has been reshaped by Xi Jinping to be the primary driver of cyber espionage campaigns like Salt Typhoon

www.nytimes.com/2025/09/28/w... Forums: r/cybersecurity : Per NYT article on CIA director 2023 visit to China to deliver a warning...

2025-08-10
Reading Apple in China (the new book from @PatrickMcGee_) helped me understand Apple's investment pledge. 1/ https://www.ft.com/...
2025-08-10 View on X
Financial Times

The precise scale of Apple's pledge to invest $600B+ in the US over four years is difficult to measure, as the company has not provided a breakdown of its plan

for now Nicole Russell / USA Today : Apple bows to Trump. And American workers are the winners. X: Patrick McGee / @patrickmcgee_ : Love how many people have been skeptical of me r...

2025-08-09
Reading Apple in China (the new book from @PatrickMcGee_) helped me understand Apple's investment pledge. 1/ https://www.ft.com/...
2025-08-09 View on X
Financial Times

The precise scale of Apple's pledge to invest $600B+ in the US over four years is difficult to measure, as the company has not provided a breakdown of its plan

Tech giant promised Donald Trump hundreds of billions of spending — but the real scale is difficult to measure X: @brad_setser X: Brad Setser / @brad_setser : Reading Apple in Chin...

2025-05-15
Apple has had an enormous impact on the Bay Area, and on the US stock market. But it may have had a bigger impact on the economies of two foreign countries: Ireland (pioneering the “green jersey") and China. Excellent stuff from @PatrickMcGee_ https://www.thetimes.com/...
2025-05-15 View on X
Vanity Fair

Q&A with the FT's Patrick McGee on his new book, Apple in China, which examines Apple's role in enabling China's rise; Apple says it is “full of inaccuracies”

In his new book, Apple in China, Patrick McGee examines how Tim Cook unwittingly led Apple right into the heart of Trump's trade war.

Apple has had an enormous impact on the Bay Area, and on the US stock market. But it may have had a bigger impact on the economies of two foreign countries: Ireland (pioneering the “green jersey") and China. Excellent stuff from @PatrickMcGee_ https://www.thetimes.com/...
2025-05-15 View on X
Bloomberg

President Trump says he told Tim Cook that “I don't want you building in India”, “India can take care of themselves”, and Apple will be “upping” US production

President Donald Trump said India has made an offer to drop tariffs on US goods …

2024-09-14
1 billion packages came into the US this way last year; de minimis was no longer de de minimis. Whatever the tariff, it should be the same for Temu and Old Navy — so I welcome steps to equalize tariffs for different modes of shipment
2024-09-14 View on X
CNBC

The White House plans to curb the “overuse and abuse” of the de minimis loophole used by Shein and Temu, which exempts packages worth $800 or less from tariffs

so I welcome steps to equalize tariffs for different modes of shipment Riley Walters / @walteriley : Why de minimis wasn't included in China week? It seems because the WH had somet...

2024-09-11
Vestager just provided Ireland with the seed money for its sovereign wealth fund (back taxes for all the years when Apple Ireland generated stateless and thus untaxed income ...) 1/2
2024-09-11 View on X
CNBC

The European Court of Justice rules against Apple over a record €13B Irish tax bill, confirming a 2016 decision; filing: Apple will incur a ~$10B charge in Q4

https://www.bbc.com/...  “The EU Commission accused Ireland of giving Apple illegal tax advantages eight years ago but the Irish government has consistently argued against the need...

Just a reminder that Apple pays more tax abroad than it pays in the United States, and now likely pays almost to Ireland as to the US Treasury. [image]
2024-09-11 View on X
CNBC

The European Court of Justice rules against Apple over a record €13B Irish tax bill, confirming a 2016 decision; filing: Apple will incur a ~$10B charge in Q4

https://www.bbc.com/...  “The EU Commission accused Ireland of giving Apple illegal tax advantages eight years ago but the Irish government has consistently argued against the need...

2020-11-04
Sort of surprised that the exchange rate isn't mentioned as a factor here — Presumably Taiwan intervenes to keep the TWD weak for a reason (Korea has been less active in recent years, but it also has a history of hefty intervention) https://www.wsj.com/... https://twitter.com/...
2020-11-04 View on X
Wall Street Journal

Semiconductor manufacturing has further shifted to Asia in recent years from US and EU, with many US chip companies contracting out to Asian producers like TSMC

Presumably Taiwan intervenes to keep the TWD weak for a reason (Korea has been less active in recent years, but it also has a history of hefty intervention) https://www.wsj.com/......

2019-12-09
The market's attention is all on deal or no deal. But there should be no doubt that China maintains a host of discriminatory policies. I have long thought “buy Chinese” import substitution policies should be a bigger U.S. priority for example. https://www.ft.com/...
2019-12-09 View on X
Australian Financial Review

Beijing orders all government offices and public institutions to remove foreign PC equipment and software within three years, allowing only Chinese-made tech

Yuan Yang and Nian Liu  —  Beijing has ordered all government offices and public institutions to remove foreign computer equipment …