1、 https:/crsreports.congress.gov Updated March 28,2024U.S.-China Trade RelationsThe Peoples Republic of China(PRC or China)is the second-largest global economy and has been a top U.S.and global trading partner since joining the World Trade Organization in 2001.China is a key export market for U.S.air
2、craft,agriculture,semiconductor equipment/chips,gas turbines,and medical devices,and a key source of some U.S.consumer goods and intermediates(e.g.,active pharmaceutical ingredients and auto parts).Chinas system integrates state and corporate interests,enabling the government to use trade toolsantid
3、umping,antitrust,technical standards,and procurementeconomic coercion,and PRC intellectual property(IP)theft activity to advantage its firms and economic development goals.PRC government policies in many cases have required firms to transfer technology and capabilities in order to operate in strateg
4、ic sectors.U.S.firms have faced a lack of reciprocity,trade barriers in some key areas,a growing PRC state role in commercial activity,expanding industrial policies,and rules governing economic security and data.In February 2024,the American Chamber of Commerce said 57%of its firms lack confidence i
