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.
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.
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