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<p>Today, the office of the US Trade Representative (USTR) released the results of its Sec. 301tariff statutory review, detailing ongoing practices by China, including cyber-attacks and technology transfer and IP theft, that harm US and global economies.  The report (linked below) is worth a read in terms of understanding the scope of technology transfer undertaken (and ongoing) by the Chinese government. Additionally, the long-awaited report details recommended tariff adjustments to take effect 2024-26 on various sectors including EVs, EV batteries, critical minerals, semiconductors, steel and aluminum and medical supplies, to name a few.  The report also contains information on a recommended exclusion process for certain machinery used in domestic manufacturing.  Stay tuned for a Federal Register notice for the opportunity to comment on the recommendations.  For more information, reach out and I will connect you with a member of our Michael Best Trade Team. </p><input type='hidden' id='passle-remote-hosting-tracking-shortcode' value='102j7o1'/><blockquote class="wp-block-quote passle-quote has-cite-link"><p>&quot;...the section 301 tariffs have been an effective tool 
in changing some of China’s technology transfer-related acts, policies, and practices. However...China persists in efforts to transfer technology from U.S. companies and the burden of China’s technology transfer-related acts, policies, and practices on U.S. commerce has increased.&quot;</p><cite><a href="https://ustr.gov/sites/default/files/USTR%20Report%20Four%20Year%20Review%20of%20China%20Tech%20Transfer%20Section%20301.pdf" aria-label="ustr.gov/..." title="https://ustr.gov/sites/default/files/USTR%20Report%20Four%20Year%20Review%20of%20China%20Tech%20Transfer%20Section%20301.pdf" target="_blank">ustr.gov/...</a></cite></blockquote><div class="passle-featured-image passle-featured-image-position-bottom"><img src="https://images.passle.net/fit-in/400x400/filters:crop(0,150,3595,2018)/Passle/5f6edd8e8cb62a0bec3e5fd2/SearchServiceImages/2024-05-14-17-18-03-604-66439ccba261e1b4e226c1cf.jpg" alt="Featured Image" /></div>

USTR Releases Sec. 301 Report and Recs

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