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US-CHINA: Biden Admin Launches New Probe Into Chinese 'Legacy' Semiconductors

US-CHINA
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US President Joe Biden’s Trade Representative, Katherine Tai, announced that the White House has launched an investigation into Chinese-made "legacy" semiconductors that could result in additional tariffs on 'mature-technology' chips that power autos, appliances, medical devices and other goods, according to Tai. 

  • Tai said the investigation comes because, “China’s rapid, state-driven expansion of semiconductor output is artificially lowering chip prices,” adding that the probe is, “based on evidence that China is using anti-competitive, non-market policies to dominate global chip production.”
  • Tai said: "This is enabling its companies to rapidly expand capacity and to offer artificially lower priced chips that threaten to significantly harm and potentially eliminate their market-oriented competition.”
  • Reuters reports: “The "Section 301" probe, launched just four weeks before President-elect Donald Trump takes office on Jan. 20, will be handed over to his administration in January for completion, Biden administration officials said. The effort could offer Trump a ready avenue to begin imposing some of the hefty, 60% tariffs that he has threatened on Chinese imports.”
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US President Joe Biden’s Trade Representative, Katherine Tai, announced that the White House has launched an investigation into Chinese-made "legacy" semiconductors that could result in additional tariffs on 'mature-technology' chips that power autos, appliances, medical devices and other goods, according to Tai. 

  • Tai said the investigation comes because, “China’s rapid, state-driven expansion of semiconductor output is artificially lowering chip prices,” adding that the probe is, “based on evidence that China is using anti-competitive, non-market policies to dominate global chip production.”
  • Tai said: "This is enabling its companies to rapidly expand capacity and to offer artificially lower priced chips that threaten to significantly harm and potentially eliminate their market-oriented competition.”
  • Reuters reports: “The "Section 301" probe, launched just four weeks before President-elect Donald Trump takes office on Jan. 20, will be handed over to his administration in January for completion, Biden administration officials said. The effort could offer Trump a ready avenue to begin imposing some of the hefty, 60% tariffs that he has threatened on Chinese imports.”