If anything, it just creates another avenue for Trump to impose hefty tariffs on China amid threats of a 60% tariff slap.
The USTR says that the latest probe will target mature-technology chips that power autos, appliances, medical devices, and other goods. The probe is supposedly based on evidence that "China is using anti-competitive, non-market policies to dominate global chip production".
Once Trump takes office, the investigation will be handed over to his administration accordingly next month. The USTR will be accepting public comments on the probe as of 6 January before plans for a public hearing on 11-12 March next year.
This article was written by Justin Low at www.forexlive.com. Read More Details
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