• Home
  • Politics
  • Health
  • World
  • Business
  • Finance
  • Tech
  • More
    • Sports
    • Entertainment
    • Lifestyle
What's Hot

EXCLUSIVE: ‘The Man She Is Today’: European Companies Accused Of ‘Importing’ Woke Ideology

May 29, 2025

‘The Economy Is On Fire!’: Kevin O’Leary Drops Fact Check On CNN Panelists Railing Against Trump’s Economy

May 29, 2025

DeSantis Signs Bill Making Gold And Silver Legal Tender

May 28, 2025
Facebook Twitter Instagram
  • Contact
  • Privacy Policy
  • Terms & Conditions
Friday, May 30
Patriot Now NewsPatriot Now News
  • Home
  • Politics

    Security video shows brazen sexual assault of California woman by homeless man

    October 24, 2023

    Woman makes disturbing discovery after her boyfriend chases away home intruder who stabbed him

    October 24, 2023

    Poll finds Americans overwhelmingly support Israel’s war on Hamas, but younger Americans defend Hamas

    October 24, 2023

    Off-duty pilot charged with 83 counts of attempted murder after allegedly trying to shut off engines midflight on Alaska Airlines

    October 23, 2023

    Leaked audio of Shelia Jackson Lee abusively cursing staffer

    October 22, 2023
  • Health

    Disparities In Cataract Care Are A Sorry Sight

    October 16, 2023

    Vaccine Stocks—Including Pfizer, Moderna, BioNTech And Novavax—Slide Amid Plummeting Demand

    October 16, 2023

    Long-term steroid use should be a last resort

    October 16, 2023

    Rite Aid Files For Bankruptcy With More ‘Underperforming Stores’ To Close

    October 16, 2023

    Who’s Still Dying From Complications Related To Covid-19?

    October 16, 2023
  • World

    New York Democrat Dan Goldman Accuses ‘Conservatives in the South’ of Holding Rallies with ‘Swastikas’

    October 13, 2023

    IDF Ret. Major General Describes Rushing to Save Son, Granddaughter During Hamas Invasion

    October 13, 2023

    Black Lives Matter Group Deletes Tweet Showing Support for Hamas 

    October 13, 2023

    AOC Denounces NYC Rally Cheering Hamas Terrorism: ‘Unacceptable’

    October 13, 2023

    L.A. Prosecutors Call Out Soros-Backed Gascón for Silence on Israel

    October 13, 2023
  • Business

    EXCLUSIVE: ‘The Man She Is Today’: European Companies Accused Of ‘Importing’ Woke Ideology

    May 29, 2025

    ‘The Economy Is On Fire!’: Kevin O’Leary Drops Fact Check On CNN Panelists Railing Against Trump’s Economy

    May 29, 2025

    DeSantis Signs Bill Making Gold And Silver Legal Tender

    May 28, 2025

    John Deere Announces $20 Billion Plan To Build Up American Manufacturing

    May 28, 2025

    EV Startup Promised To Cut China Ties — Then Reportedly Shared US Data Anyway

    May 27, 2025
  • Finance

    Ending China’s De Minimis Exception Brings 3 Benefits for Americans

    April 17, 2025

    The Trump Tariff Shock Should Push Indonesia to Reform Its Economy

    April 17, 2025

    Tariff Talks an Opportunity to Reinvigorate the Japan-US Alliance

    April 17, 2025

    How China’s Companies Are Responding to the US Trade War

    April 16, 2025

    The US Flip-flop Over H20 Chip Restrictions 

    April 16, 2025
  • Tech

    Cruz Confronts Zuckerberg on Pointless Warning for Child Porn Searches

    February 2, 2024

    FTX Abandons Plans to Relaunch Crypto Exchange, Commits to Full Repayment of Customers and Creditors

    February 2, 2024

    Elon Musk Proposes Tesla Reincorporates in Texas After Delaware Judge Voids Pay Package

    February 2, 2024

    Tesla’s Elon Musk Tops Disney’s Bob Iger as Most Overrated Chief Executive

    February 2, 2024

    Mark Zuckerberg’s Wealth Grew $84 Billion in 2023 as Pedophiles Target Children on Facebook, Instagram

    February 2, 2024
  • More
    • Sports
    • Entertainment
    • Lifestyle
Patriot Now NewsPatriot Now News
Home»World»Joe Biden Announces Curbs On US Investments In China
World

Joe Biden Announces Curbs On US Investments In China

August 9, 2023No Comments4 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
NDTV News
Share
Facebook Twitter LinkedIn Pinterest Email

Joe Biden’s move comes as the US and China aiming to stabilize ties.

Washington:

US President Joe Biden on Wednesday issued an executive order aimed at restricting certain American investments in sensitive high-tech areas in China — a move that could further strain ties between the world’s top two economies.

The long-anticipated rules, expected to be implemented next year, target sectors like semiconductors and artificial intelligence, as Washington seeks to limit access to key technologies.

“The commitment of the United States to open investment is a cornerstone of our economic policy and provides the United States with substantial benefits,” Biden said in a letter to Congressional leaders announcing the executive order.

“However, certain United States investments may accelerate and increase the success of the development of sensitive technologies and products in countries that develop them to counter United States and allied capabilities.”

The program is set to prohibit new private equity, venture capital and joint ventures investments in advanced semiconductors and some quantum information technologies in China, according to the Treasury Department.

“The outbound investment program will fill a critical gap in the United States’ national security toolkit,” a senior government official said on condition of anonymity.

“What we’re talking about is a narrow and thoughtful approach as we seek to prevent (China) from obtaining and using the most advanced technologies to promote military modernization and undermining US national security.”

The Treasury is considering a notification requirement for US investments in Chinese entities involved in less advanced semiconductors, and activities relating to certain types of artificial intelligence.

See also  REPORT: Biden Regime is Forcing Illegal Immigrants to Stay in Texas as Blue States Grapple with Migrant Crisis | The Gateway Pundit

China could exploit US investments to further its ability to produce sensitive technologies critical to military modernization, the Treasury Department said.

But it anticipates creating an exception for certain US investments into publicly traded securities and transfers from US parents to subsidiaries.

– Chilling effect? –

While the volume of dollars or numbers of transactions covered by a ban or notification regime are likely to be quite small, it does not necessarily mean the overall impact will be limited, said Emily Benson, director of the Project on Trade and Technology at the Center for Strategic and International Studies (CSIS).

“It’s possible that while they’re not directly subject to bans, companies will rethink the nature of their investments and that could have a chilling effect on bilateral investment over time,” Benson told AFP.

The latest restrictions come shortly after visits by several high-level US officials to China as Washington and Beijing aim to stabilize ties.

During Treasury Secretary Janet Yellen’s trip to the Chinese capital last month, officials from both sides talked about what such curbs might look like, and she told reporters that any new moves would be implemented in a transparent way.

“I emphasized that it would be highly targeted and clearly directed narrowly at a few sectors where we have specific national security concerns,” Yellen said at the time.

She added that she wanted to allay fears that Washington would implement measures with broad-based impacts on the Chinese economy.

Nicholas Lardy, nonresident senior fellow at the Peterson Institute for International Economics (PIIE), noted that “the share of investment in China that’s been financed by foreign capital in recent years is about one to two percent.”

See also  Officer At Parkland Massacre Testifies Against Deputy

“If you want to have an impact, you’ve got to get other countries that are making these kinds of investments in China to have a similar regime,” he said.

On Wednesday, a senior government official said key allies and partners have recognized the importance of this issue and “some are seeking to align” their policy approaches.

Outbound investment curbs would not represent an all-out effort to prevent Washington and Beijing from cooperating more deeply, Benson noted.

But “the administration has been trying to land high-level meetings with Chinese officials and it will fall on the US to really demonstrate through targeted language that this is not going to cause huge disruption in investment,” she said.

(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)

Featured Video Of The Day

Who Is Winning The Perception Battle?

Announces Biden China curbs Investments Joe
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

John Deere Announces $20 Billion Plan To Build Up American Manufacturing

May 28, 2025

EV Startup Promised To Cut China Ties — Then Reportedly Shared US Data Anyway

May 27, 2025

EXCLUSIVE: Massive Telecom Merger Champions Workers In A Way Biden Admin Never Could, FCC Chair Says

May 20, 2025

Walmart Announces Tariff-Driven Price Hike After Announcing Billions In Profit

May 15, 2025
Add A Comment

Leave A Reply Cancel Reply

Top Posts

‘He’ll Look Me Right in My Face and Say F-U’

September 14, 2023

Over 100 Former Clerks Come to Defense of Justice Clarence Thomas Following Relentless Attacks by Democrats | The Gateway Pundit

August 30, 2023

Moose on the Loose! Beast Shot After Getting Lost in Stockholm Subway

September 29, 2023

UK Ranks Alongside Russia in Confidence in Democratic System

April 10, 2023
Don't Miss

EXCLUSIVE: ‘The Man She Is Today’: European Companies Accused Of ‘Importing’ Woke Ideology

Business May 29, 2025

Consumers’ Research issued a “Woke Alert” on Thursday warning American shoppers that three European companies…

‘The Economy Is On Fire!’: Kevin O’Leary Drops Fact Check On CNN Panelists Railing Against Trump’s Economy

May 29, 2025

DeSantis Signs Bill Making Gold And Silver Legal Tender

May 28, 2025

John Deere Announces $20 Billion Plan To Build Up American Manufacturing

May 28, 2025
About
About

This is your World, Tech, Health, Entertainment and Sports website. We provide the latest breaking news straight from the News industry.

We're social. Connect with us:

Facebook Twitter Instagram Pinterest
Categories
  • Business (4,136)
  • Entertainment (4,220)
  • Finance (3,202)
  • Health (1,938)
  • Lifestyle (1,645)
  • Politics (3,084)
  • Sports (4,036)
  • Tech (2,006)
  • Uncategorized (4)
  • World (3,944)
Our Picks

Russian Fighter Pilots Die After Crash Near NATO Border in Kaliningrad

August 15, 2023

Women Are Woke — ‘We’re Watching You Ron’

June 1, 2023

Iran Releases Heavily Edited Clip of Alleged U.S. Navy Confrontation

August 25, 2023
Popular Posts

EXCLUSIVE: ‘The Man She Is Today’: European Companies Accused Of ‘Importing’ Woke Ideology

May 29, 2025

‘The Economy Is On Fire!’: Kevin O’Leary Drops Fact Check On CNN Panelists Railing Against Trump’s Economy

May 29, 2025

DeSantis Signs Bill Making Gold And Silver Legal Tender

May 28, 2025
© 2025 Patriotnownews.com - All rights reserved.
  • Contact
  • Privacy Policy
  • Terms & Conditions

Type above and press Enter to search. Press Esc to cancel.