Monitoring Foreign Subsidies to Protect American Jobs and Critical Industries.
This law requires the federal trade office to continuously monitor how the Chinese government financially supports its industries. The goal is to identify subsidies that pose a significant risk to American jobs and manufacturing, especially in critical sectors like technology and infrastructure. Congress will receive annual reports recommending actions to protect the US economy and employment.
Key points
The US Trade Representative must regularly track industrial subsidies provided by the Government of China.
Annual reports will identify threats to US employment and manufacturing, particularly in industries critical to national and economic security.
The law aims to strengthen the competitiveness of US businesses and safeguard jobs against unfair trade practices.
Expired
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