Today, United States Trade Representative (USTR) Katherine Tai announced she will conduct an investigation into China’s actions, policies, and practices aimed at dominating the semiconductor industry. This investigation will be conducted under Section 301 of the Trade Act.
“This investigation underscores the Biden-Harris Administration’s commitment to standing up for American workers and businesses, increasing the resilience of critical supply chains, and supporting the unparalleled investment being made in this industry,” Tai stated.
Tai said that the trade agency has found evidence that Beijing is targeting the semiconductor industry for global domination, similar to its buildup in steel, aluminum, solar panels, electric vehicles and critical minerals.
According to the USTR press release, “China’s acts, policies, and practices appear to have and to threaten detrimental impacts on the United States and other economies, undermining the competitiveness of American industry and workers, critical U.S. supply chains, and U.S. economic security.”
Biden administration officials stated that the “Section 301” probe will be transferred to the incoming administration in January for completion.
USTR will hold a public hearing in connection with this investigation, which will open on January 6, 2025.
By CEO NA Editorial Staff
