US-China relations: Biden administration to set up ‘strike force’ to go after China on trade
- The ‘supply chain trade strike force’, led by the US Trade Representative, will look for specific violations contributing to a ‘hollowing out’ of supply chains
- The Commerce Department is considering a Section 232 investigation into the national security impact of neodymium magnet imports, largely from China
The United States will set up a “strike force” to fight China’s unfair trade practices and strengthen American supply chains, the Biden administration said in an report reviewing the nation’s reliance on foreign countries for critical products from semiconductor to pharmaceuticals.
In a 255-page White House report released on Tuesday, National Security Adviser Jake Sullivan said that US trade policy toward China should include examining how existing trade agreements and future measures can help make domestic supply chains more resilient.
The force will look for specific violations that have contributed to a “hollowing out” of supply chains that could be addressed with trade remedies, including toward China, the advisers said in the report.
Our report‘s findings reinforce the president’s call for making a once-in-a-generation investment in our nation’s production and innovation infrastructure
“Our report‘s findings reinforce the president’s call for making a once-in-a-generation investment in our nation’s production and innovation infrastructure,” Sameera Fazili, the council’s deputy director, said at a briefing about the report.
