International Trade: Observations on the U.S.-Japan Semiconductor Arrangement

In response to a congressional request, GAO assessed the results of the U.S.-Japan negotiations on semiconductor trade, focusing on: (1) what was negotiated; (2) the expected outcome; (3) the administration's views of the results; (4) U.S. industrial views of the results; and (5) the impact of the agreement on U.S. semiconductor manufacturers and users.