US Trade Representative Katherine Tai said the probe aims to protect American and other semiconductor producers from China's massive state-driven buildup of domestic chip supply.
The "Section 301" probe, launched 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 he has threatened on Chinese imports.
Diese Geschichte stammt aus der December 24, 2024-Ausgabe von Financial Express Ahmedabad.
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Diese Geschichte stammt aus der December 24, 2024-Ausgabe von Financial Express Ahmedabad.
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The year AI took centrestage
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'Tech must become accessible & affordable'
Panellists discussed how technology can be leveraged to help in urban planning and expansion at the fifth edition of the IE Thinc: CITIES series, presented by The Indian Express with Omidyar Network India. The session was moderated by Udit Misra, Associate Editor
Shyam Benegal, pioneer of parallel cinema, dies
Hindi cinema stepped into an exciting new phase with the rise of the 'Angry Young Man' in the '70s,
Now, Musk wants you to pay 'X-tra' as premium plans
Marks the largest price increase since acquisition
Toyota-Suzuki pact should be the template in India
ANALYSTS SAID THAT for the Indian market, auto firms can't afford to be just in segments like petrol and diesel.
For IT firms, it's a mixed blessing
DESPITE CURRENCY PRESSURES, the sector's growth is underpinned by strong demand, particularly in cloud and AI-driven transformation projects,\" said an industry analyst.
Honda, Nissan on merger road
SMALLER MITSUBISHI MOTORS, in which Nissan is top shareholder, was also considering joining and would make a decision by the end of January, the companies said.
UK insurer Aviva to shed up to 2,300 jobs in $4.65-billion deal
British insurer Aviva could cut up to 2,300 jobs as it takes over smaller rival Direct Line in a 3.7 billion pound ($4.65 billion) cash-and-stock deal, the companies said on Monday, creating the UK's largest home and motor insurer.
Noel Tata: From shadows to spotlight
THE NEW CHAIRMAN of Tata Trusts, however, has done enough to remove the earlier perception of \"lack of exposure\".
US launches new probe into legacy Chinese chips
The Biden Administration announced on Monday a last-minute trade investigation into older Chinese-made \"legacy\" semiconductors that could heap more U.S. tariffs on chips from China that power everyday goods from autos to washing machines to telecoms gear.
