The framework aims to fill a hole in the US' Asia strategy left by Trump's move in 2017 to quit from Trans-Pacific Partnership, a pact his predecessors designed as a counterweight to China
Tariffs did little to slow imports, and seem instead to have simply pushed up costs for the end user while doing little to grow US solar jobs.
The agreement was the most detailed and assertive statement of Russian and Chinese resolve to work together to build an international order based on their interpretations of rights and democracy.
The America COMPETES Act aims to increase US competitiveness with China and boost US semiconductor manufacturing. Now comes the difficult task of reconciling with the Senate version.
Friday was a day of strong geopolitical rhetoric by Asia's biggest authoritarian states, whose leaders met in Beijing and condemned the United States and its allies, while vowing to support each other
News of the deal came as the US asked Japan if it could divert some of its LNG imports to Europe in the event of a crisis in Ukraine
Western countries say invasion of Ukraine would result in sanctions and Washington officials say they are ready to impose financial penalties and export-control measures
Ahead of a visit to Beijing, he said there were "substantial" financial, industrial, technological and human resource opportunities for Russia and China
China pledged to increase purchases of US farm and manufactured goods, energy and services but had met only about 60% of that goal
Two US senators sent a letter to US Commerce Secretary Gina Raimondo complaining her department is hampering efforts to restrict exports to China chip maker SMIC.
The AFL-CIO, which represents 12.5 million workers, said in a letter to lawmakers the bill's $52 billion for chips is critical to "addressing the current chip shortage"
Beijing also set the quota for smelting and separation, the ministries of Industry and Information Technology and Natural Resources said