US Senate Majority Leader Chuck Schumer plans to lead delegation to China, Japan and South Korea
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US Senate Majority Leader Chuck Schumer plans to lead delegation to China, Japan and South Korea
US Senate Majority Leader Chuck Schumer plans to lead a bipartisan congressional delegation to China, Japan and South Korea soon, an aide to Schumer said on Tuesday.
It would be a high-profile trip by Schumer, who has repeatedly urged the United States to take a harder line on China and would follow visits by a series of Biden administration officials including Commerce Secretary Gina Raimondo in August.
Punchbowl News reported the trip earlier on Tuesday and said it could take place in October.
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US Senate passes Chips and Science Act to compete with China’s semiconductor industry
US Senate passes Chips and Science Act to compete with China’s semiconductor industry
Schumer in May launched a renewed effort to address competition from China, planning legislation to boost the US ability to address China on issues from technology to security and threats to Taiwan.
After passing a sweeping bill last year to boost competition with Beijing in semiconductors and other technology, Schumer and Democratic committee leaders said in May they would write legislation to limit the flow of technology to China, deter China from initiating a conflict with Taiwan and tighten rules to block US capital from going to Chinese companies.
Schumer in May said the bill – dubbed “China Competition 2.0” – would broaden last year’s “Chips and Science” act.
A rare major foray into US industrial policy, the Chips bill signed into law by US President Joe Biden last year approved US$52 billion for semiconductor research and manufacturing subsidies.
US business trust in China is wearing thin, warns Raimondo
US business trust in China is wearing thin, warns Raimondo
The desire for a hard line on China is one of the few truly bipartisan sentiments in the perennially divided US Congress, and last year’s legislation passed with overwhelming support from both Democrats and Republicans.
This year’s planned legislation would also seek funding for additional domestic investments in key technology areas and provide a better US alternative to China’s Belt and Road Initiative – China’s plan to grow global trade – in an effort to counter Beijing’s international influence.
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