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Biden Administration Takes Aim at China’s Industrial Subsidies – The Wall Street Journal

Workers at a steel company in Wuxi, China, earlier this month. Photo: Yang Mujun/Sipa Asia/Zuma Press The Biden administration is targeting Beijing’s widespread use of industrial subsidies that give its companies an edge over foreign rivals, an effort that could lead to new sanctions on Chinese imports and further strain U.S.-China relations. Administration officials are considering launching an investigation into Chinese subsidies under Section 301 of the U.S. trade law, which could lead to new tariffs, according to people familiar with their plans. The White House is also looking to team up with the European Union, Japan and other allies …

 

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