U.S. launches Section 301 investigation into China's semiconductor industry

The Biden administration of the United States recently announced that it has asked the Office of the United States Trade Representative to initiate a Section 301 investigation to review China's goals in the field of basic semiconductors and their impact on the U.S. economy. It is reported that China's actions, policies and practices appear to have a harmful impact on the United States and other economies, and may have an adverse impact, undermining the competitiveness of American industries and workers, critical U.S. supply chains, and U.S. economic security.