Congress to vote on new restrictions on US investment in China

Additionally, the costs will require the Federal Communications Commission to publish a list of every object that is owned by overseas hostile governments, including China, to make sure the fee “knows when telecommunications and tech companies have a relationship and international adversary”.

Washington is working on a number of sides to encroach upon Taiwanese goods.

The Commerce Department is working on finalizing laws in the coming days that would prohibit Taiwanese manufacturers from selling vehicles in the United States and prohibit China Telecom from operating in the US. An annual defense costs may prohibit China-based DJI and Autel Robotics from selling new robots in the US market.

Politicians have criticized big American score firms for funneling billions of dollars from US investors into Chinese businesses, which the US believes are promoting the development of China’s defense.

To prevent investments in Chinese technology like cutting-edge code-breaking computer networks or next-generation fighter jets, the Treasury’s regulations and legislation include electronics, nanotechnology, quantum information technology, and some AI techniques.

Representative Rosa DeLauro, the leading Democrat on the House Appropriations Committee, said:” For years I have watched American dollars and intellectual property fuel the Chinese Community Party’s technology and capabilities… This legislation expands on the rules that the Biden Administration put in place this year and sets the stage for future bipartisan efforts to defend and rebuild our nation’s crucial capabilities.

The outbound legislation includes the technologies outlined in the Treasury order as well as additional AI models that incorporate some semiconductors, AI systems developed specifically for use in military or government surveillance, hypersonic systems, and other export-controllable technologies. &nbsp,