The moves coming are aimed at high tech……
Trump just pushed tariffs….
The Biden admin is working with Congress to kneecap tech from China….
Warning’s about national security and China has moved things….
President Biden IS a veteran of Congress, something Donald Trump had NO experience with and didn’t really care much about…
There STILL is a LOT of stuff marked ‘Made in China’ in the stores…
‘Make America Great ….Again?’
After decades of U.S. efforts to engage China with the prospect of greater development through trade, the era of cooperation is coming to a screeching halt.
The White House and Congress are quietly reshaping the American economic relationship with the world’s second-largest economic power, enacting a strategy to limit China’s technological development that breaks with decades of federal policy and represents the most aggressive American action yet to curtail Beijing’s economic and military rise.
“You really have seen a sea change in the way that they’re looking at the relationship with China,” said Clete Willems, who helped design China economic policy in the Trump White House as Deputy Assistant to the President for International Economics and Deputy Director of the National Economic Council. “[The Biden] administration views Chinese indigenous innovation as a per se national security threat … and that is a big leap from where we’ve ever been before.”
The new strategy, which the Biden administration internally calls its “protect agenda,” is being rolled out this fall and winter in a series of executive actions. In October, the Commerce Department issued new rules aimed at cutting off Chinese firms’ ability to manufacture advanced computer chips. They will soon be followed by an executive order creating new federal authority to regulate U.S. investments in China — the first time the federal government will exert such power over American industry – and an executive order to limit the ability of Chinese apps like TikTok to collect data from Americans.
Congress is participating as well….
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