Biden administration proclaims last-minute commerce probe concentrating on legacy Chinese language chips
The Biden administration has simply introduced a commerce investigation into “legacy” Chinese language-made semiconductors immediately. And that might see it result in extra tariffs on chips from China which are used for autos, washing machines and telecoms gear amongst different issues. This “Part 301” probe is coming simply lower than a month earlier than Trump takes workplace on 20 January 2025. The officers say that the investigation will then be handed over to Trump’s authorities for completion.
If something, it simply creates one other avenue for Trump to impose hefty tariffs on China amid threats of a 60% tariff slap.
As for Biden, this builds on his escalation on this area over the previous few months:
- US reportedly finalises steep tariffs on China, with many to start on 27 September
- Newest US commerce restrictions reportedly set to hit China’s semiconductor business
- Biden administration to unveil extra tariffs in parting reward to China
The USTR says that the newest probe will goal mature-technology chips that energy autos, home equipment, medical units, and different items. The probe is supposedly based mostly on proof that “China is utilizing anti-competitive, non-market insurance policies to dominate international chip manufacturing”.
As soon as Trump takes workplace, the investigation can be handed over to his administration accordingly subsequent month. The USTR can be accepting public feedback on the probe as of 6 January earlier than plans for a public listening to on 11-12 March subsequent 12 months.
This text was written by Justin Low at www.ubaidahsan.com.
Source link
Leave a Reply
Want to join the discussion?Feel free to contribute!