Biden to curb U.S. investment in Chinese tech sectors
In an executive order expected to be released Wednesday, American companies will be subject to unprecedented new federal oversight that will scrutinize – and potentially prevent – some of their investments in China's tech industry. The goal is to ensure that U.S. cash does not support China's military modernization and potentially threaten the United States.
https://www.cbsnews.com/news/biden-curb-us-investment-chinese-tech-sectors/Open linkView original on lemmy.world286
Comments21
And yet, Trump was the one who took loans from the Bank of China.
But they don't give a shit.
Trump took the loan in 2012 but started a Trade War with them in 2018. A Trade War that Biden has escalated.
Yeah, but since when did reality matter to them?
They are stupid if they do. Biden has taken what Trump was doing and turned the volume way WAY up. The escalating Trade War with the United States is a big reason why the Chinese economy is stumbling.
About a decade late.
He wasnt even President then.
Policy, not president.
whoosh as the joke flies over your head
Just a poor joke, if that's what you want to retroactively describe it.
Im rubber and you're glue
@motorheadkusanagi @sin_free_for_00_days
Motorheads should be iron, not rubber.
Investing in US allies is just fine tho
I mean... they're allies, so yes. That's sort of the point.
Maybe they shouldn't be allies in some cases, but that's another matter.
Yes, that's how economic warfare works. I'm glad we agree.
Yes?
US allies aren't your allies.
They are to me😎
Love to be allied with apartheid Israel and the Saudi royal family!
Fuck both those countries, but you act like they are our ONLY allies. FFS if you want to make a point, make it and maybe don't beat around the bush so much.
I think I've been pretty clear - American allies are not your allies, and by extension, American enemies are not your enemies. America has it's own interests that don't necessarily align with yours.
The Oil must flow.