USCBC Comments on Four-Year Review of Actions Taken in the Section 301 Investigation, USCBC, January 17, 2023.
US-China Business Council Comments on Four-Year Review of Actions Taken in the Section 301 Investigation: China’s Acts, Policies, and Practices Related to Technology Transfer, Intellectual Property, and Innovation
Docket No. USTR-2022-0014
The US-China Business Council (USCBC) represents nearly 280 American companies engaged in business across industries and sectors in China, employing millions of Americans across the United States. We appreciate the opportunity to submit commentary as part of the Four-Year Review of Actions Taken in the Section 301 Investigation into China’s Acts, Policies, and Practices Related to Technology Transfer, Intellectual Property, and Innovation.
As we have noted in previous submissions, ensuring market-based decisions on technology transfer and protecting intellectual property (IP) are priorities for USCBC and our members. While USTR’s Section 301 investigation identified important issues to be addressed, the tariffs implemented in response have by and large failed to address these issues. Instead, these tariffs have harmed American interests. American families and producers are paying more for everyday goods, American exporters are disadvantaged compared to their foreign competitors, and American companies are disincentivized from moving manufacturing to the United States.
In this submission, USCBC will: (1) outline the negative impact the tariffs have had on US families, US businesses, and the US economy; (2) discuss the limited impact the tariffs have had in changing China’s behavior; and (3) offer recommendations for the Biden administration to consider, including reopening a tariff exclusion process that remains operational as long as the tariffs remain in place.