Global Impact: US declares ‘emergency’ on sensitive tech in latest plans to restrict investment on China
- Global Impact is a weekly curated newsletter featuring a news topic originating in China with a significant macro impact for our newsreaders around the world
- In this edition, we break down the latest goings on in Washington, including the latest moves US President Joe Biden described as ‘a national emergency’.
The present and future states of US-China relations are often seen through the lens of actions taken by the administration of whomever occupies the White House. The policies of the Chinese government matter just as much, of course, but, let’s stick to Washington.
The trade war started by former president Donald Trump, along with his State Department’s many sanctions of mainland Chinese and Hong Kong government officials during that administration, have continued to keep bilateral relations tense years after they were enacted.
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Biden to introduce new restrictions on US investments in China, declares tech ‘emergency’
But Congress – that boisterous, other branch of the US government – has been more of a check on the Biden administration since the Republicans took control of the House of Representatives after last year’s midterm elections.