The world’s two largest economies share the biggest bilateral trade relationship, but it has been fractious since 2018, with the Trump administration imposing tariffs on more than $300 billion in imports from China, ranging from footwear and clothing to electronics and bicycles and even pet food under section 301 of the Trade Act of 1974.
The Biden administration has contemplated a fresh section 301 investigation to counter China’s industrial subsidies. Congress has also considered establishing a review process to limit outbound investment, and the Commerce Department is weighing potential curbs to apps such as TikTok and WeChat that U.S. officials say pose a risk to Americans’ data security.
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