“On a level playing field, American businesses and workers can compete and win,” says the Review, “however, our strategic competitors are continuing to engage in non-market policies and practices (NMPP) that undercut our collective resilience—directing their systems to target key industries for dominance by using excessive state subsidies and other forms of state support to dominate critical industries.”
The Quadrennial Supply Chain Review process is a strategy to address NMPP to prevent harm to U.S. workers and industry.
The strategy includes raising tariffs on a select number of key sectors to safeguard U.S. supply chains in the face of unfair competition.
The tariffs are intended to protect domestic investments under BIL, the CHIPS and Science Act, and the Inflation Reduction Act. .
The Review can be read at:
https://www.whitehouse.gov/wp-content/uploads/2024/12/20212024-Quadrennial-Supply-Chain-Review.pdf
