Reported 8 months ago
The US Treasury Department announced a proposed rule to limit and oversee American investments in China's artificial intelligence, computer chips, and quantum computing sectors, stemming from an executive order issued by President Biden in August 2023. The order aims to restrict 'adversary nations' from obtaining US-funded advanced technologies to enhance their military, intelligence, surveillance, and network capabilities. The proposed rule focuses on Chinese involvement and also includes punitive tariffs on Chinese electric vehicles, becoming a political issue as both Democrats and Republicans strive to demonstrate who can better counter China as a geopolitical rival and major trade partner.
Source: YAHOO