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Investing.com -- U.S. Treasury Secretary Scott Bessent indicated on Wednesday that the agreement giving the U.S. government 15% of revenue from sales of certain advanced semiconductor chips in China might be extended to other sectors.
"I think we could see it in other industries over time. I think you know, right now, this is unique. But now that we have the model and the beta test, why not expand it?" Bessent said during an interview with Bloomberg Television.
The Treasury Secretary’s comments aligned with similar statements made by the White House on Tuesday.
Addressing potential concerns, Bessent emphasized there were no national security issues with the arrangement. "There are no national security concerns here. We would not sell any of the advanced chips," he stated.
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