The Biden administration will allow Trump-era tariffs on hundreds of billions of dollars of Chinese merchandise imports to continue while it reviews the need for the duties. The Office of the US Trade Representative said the administration received a formal request from businesses benefiting from them and got hundreds of requests for them to remain. The pronouncement comes as the Biden administration is also considering moves that would restrict US investment in Chinese technology companies. The Commerce Department may place further restrictions on chips used for artificial intelligence computing. The White House is also in discussions with Congress on legislation requiring companies to disclose beforehand possible investments in certain Chinese industries.
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