May 14, 2024 | less than a minute read

USTR Releases Sec. 301 Report and Recs

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David Crass

Managing Partner, D.C. Office, Management Committee Member, Industry Group Co-Chair, Agribusiness, Food & Beverage

Get in touch

David Crass

Managing Partner, D.C. Office, Management Committee Member, Industry Group Co-Chair, Agribusiness, Food & Beverage

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.

"...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."