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Joe Biden Launches Major Trade Investigation Into China

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The investigation will last up to 12 months and could pave the way for further tariffs under the incoming Trump administration.
President Joe Biden has initiated a significant trade investigation targeting China's trade practices, focusing on what the U.S. perceives as unfair policies in the shipbuilding, maritime, and logistics sectors. This move, announced on April 17, 2024, aims to address China's alleged use of non-market practices that disadvantage American workers and companies. The investigation, led by the U.S. Trade Representative Katherine Tai, will explore whether these practices violate international trade rules, potentially leading to new tariffs or other trade remedies. This action reflects Biden's strategy to counteract China's economic strategies, which he claims have led to job losses and economic disadvantages for the U.S. The investigation could also set the stage for broader trade negotiations or disputes at the World Trade Organization.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/politics/government/joe-biden-launches-major-trade-investigation-into-china/ar-AA1wnrx1 ]