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US Targets China With Probe Into Semiconductor Industry
The Biden administration has launched a Section 301 investigation into China's semiconductor industry, citing concerns over non-market practices, supply chain dependencies, and national security risks. The Hill reports: In a fact sheet, the White House said China "routinely engages in non-market po...
The Biden administration has launched a Section 301 investigation into China's semiconductor industry, citing concerns over non-market practices, supply chain dependencies, and national security risks. The investigation will broadly probe Chinese nonmarket practices and policies related to semiconductors and look at how the products are incorporated into industries for defense, auto, aerospace, medical, telecommunications and power. "The effort could offer Trump a ready avenue to begin imposing some of the hefty 60% tariffs he has threatened on Chinese imports," notes Reuters.
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