US suspends action in China shipbuilding sector probe for one year
US suspends action in China shipbuilding probe for one year to allow negotiations under Section 301 on maritime and logistics concerns. - REUTERS
The U.S. Trade Representative's office said on Sunday it would suspend for one year any action in its Section 301 investigations into China's targeting of maritime, logistics, and shipbuilding sectors for dominance.
AI Brief
- The US Trade Representative suspended action in its Section 301 probe into China's maritime and shipbuilding sectors.
- The US will enter talks with China to address concerns raised in the investigation during the one-year suspension.
- The suspension began on November 10, signaling a diplomatic approach to resolving trade tensions.
"The United States will negotiate with China pursuant to Section 301 regarding the issues raised in this investigation," USTR said.
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