• Latest
  • Trending
  • All
  • News
  • Business
  • Lifestyle
US Launches Probe Into One Of China’s Most Lucrative Industries

US Launches Probe Into One Of China’s Most Lucrative Industries

December 23, 2024
DAVID BLACKMON: The OBBBA Resets The Energy Policy Playing Field

DAVID BLACKMON: The OBBBA Resets The Energy Policy Playing Field

July 5, 2025
MANDY GUNASEKARA: Puerto Rico Saw The Light — Why Won’t Honolulu?

MANDY GUNASEKARA: Puerto Rico Saw The Light — Why Won’t Honolulu?

July 5, 2025
MATT MOWERS: After NATO Summit, Europe’s Free Ride Is On The Line

MATT MOWERS: After NATO Summit, Europe’s Free Ride Is On The Line

July 5, 2025
JENNY BETH MARTIN: A Socialist Victory – And A Warning For America’s 249th Birthday

JENNY BETH MARTIN: A Socialist Victory – And A Warning For America’s 249th Birthday

July 4, 2025
Trump Says Friday Is Elon Musk’s ‘Last Day, but Not Really’

Musk Continues Push For America Party

July 4, 2025
Trump Signs ‘Big, Beautiful Bill’ Into Law

Trump Signs ‘Big, Beautiful Bill’ Into Law

July 4, 2025
Lee Greenwood on ‘God Bless the USA’ Legacy: ‘That’s Where Patriotism Starts’

Lee Greenwood on ‘God Bless the USA’ Legacy: ‘That’s Where Patriotism Starts’

July 4, 2025
Trump Seeking Military Costumes for Parade

Trump Lambasts Dems Who Voted Against ‘Big, Beautiful Bill’

July 4, 2025
WILL SELLERS: Misunderstanding The Road To Independence

WILL SELLERS: Misunderstanding The Road To Independence

July 4, 2025
Dems’ ‘Project 2029’ May Not Actually Bode Well For Party’s Future

Dems’ ‘Project 2029’ May Not Actually Bode Well For Party’s Future

July 4, 2025
BRILYN HOLLYHAND: Gen Z, It’s Time We Start Acting Like We Deserve The Freedom We Inherited

BRILYN HOLLYHAND: Gen Z, It’s Time We Start Acting Like We Deserve The Freedom We Inherited

July 4, 2025
Dem Eyes House Seat That Swung Nearly 20 Points To Trump

Dem Eyes House Seat That Swung Nearly 20 Points To Trump

July 4, 2025
  • Donald Trump
  • State of the Union
  • Elon Musk
  • Tariffs
  • Congress
  • Faith
  • Immigration
Saturday, July 5, 2025
  • Login
IJR
  • Politics
  • US News
  • Commentary
  • World News
  • Faith
  • Latest Polls
No Result
View All Result
IJR
No Result
View All Result
Home News

US Launches Probe Into One Of China’s Most Lucrative Industries

by Daily Caller News Foundation
December 23, 2024 at 12:54 pm
in News, Wire
245 7
0
US Launches Probe Into One Of China’s Most Lucrative Industries
491
SHARES
1.4k
VIEWS
Share on FacebookShare on Twitter

Daily Caller News Foundation

The United States launched a probe into China’s semiconductor industry on Monday with just weeks remaining in President Joe Biden’s term.

The U.S. Trade Representative (USTR)’s office announced it was launching an investigation into China’s “acts, policies, and practices related to targeting of the semiconductor industry for dominance.” China largely dominates the semiconductor market, with Chinese semiconductors being used in various applications such as industrial machinery and military equipment.

China uses “extensive anti-competitive and non-market means, including setting and pursuing market share targets, to achieve indigenization and self-sufficiency,” the U.S. alleges. The announcement also accused China of certain policies and practices “undermining the competitiveness of American industry and workers.”

The announcement accused China of seeking “to dominate domestic and global markets.”

“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,” Trade Representative Katherine Tai said in the press release.

China — whose semiconductor market size was valued at $179.48 billion in 2023 — is expected to account for nearly half of all new capacity to manufacture mature-node semiconductors over the next three to five years, according to a December report from the Department of Commerce’s Bureau of Industry and Security (BIS).

China has a long-standing pledge to achieve “reunification” with Taiwan. The U.S. ordered Taiwan Semiconductor Manufacturing Co (TSMC) to halt shipments of advanced chips used in AI applications to China, Reuters reported in November. TSMC notified the U.S. in October that one of its chips had been found in a Chinese AI processor, according to Reuters.

The USTR’s investigation comes amid escalating trade tensions between the U.S. and China. The BIS announced on Dec. 2. a package of rules designed to reduce China’s capability to produce advanced semiconductors. China swiftly retaliated against the new set of rules by announcing an export ban on certain minerals and materials critical to producing items such as semiconductors and batteries.

President-elect Donald Trump has vowed to impose sweeping tariffs on imported goods when he returns to the White House in January 2025, including on goods imported from China. The U.S. implemented various tariffs against Beijing during Trump’s first term as part of a contentious U.S.-China trade war.

All content created by the Daily Caller News Foundation, an independent and nonpartisan newswire service, is available without charge to any legitimate news publisher that can provide a large audience. All republished articles must include our logo, our reporter’s byline and their DCNF affiliation. For any questions about our guidelines or partnering with us, please contact licensing@dailycallernewsfoundation.org.

Tags: DCNFforeign-affairsU.S. News
Share196Tweet123
Daily Caller News Foundation

Daily Caller News Foundation

Advertisements

Top Stories June 10th
Top Stories June 7th
Top Stories June 6th
Top Stories June 3rd
Top Stories May 30th
Top Stories May 29th
Top Stories May 24th
Top Stories May 23rd
Top Stories May 21st
Top Stories May 17th

Join Over 6M Subscribers

We’re organizing an online community to elevate trusted voices on all sides so that you can be fully informed.





IJR

    Copyright © 2024 IJR

Trusted Voices On All Sides

  • About Us
  • GDPR Privacy Policy
  • Terms of Service
  • Editorial Standards & Corrections Policy
  • Subscribe to IJR

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Politics
  • US News
  • Commentary
  • World News
  • Faith
  • Latest Polls

    Copyright © 2024 IJR

Top Stories June 10th Top Stories June 7th Top Stories June 6th Top Stories June 3rd Top Stories May 30th Top Stories May 29th Top Stories May 24th Top Stories May 23rd Top Stories May 21st Top Stories May 17th