{"id":1995646,"date":"2023-08-09T16:29:02","date_gmt":"2023-08-09T20:29:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/white-house-announces-new-restrictions-on-advanced-tech-investment-in-china\/"},"modified":"2023-08-09T16:31:17","modified_gmt":"2023-08-09T20:31:17","slug":"white-house-announces-new-restrictions-on-advanced-tech-investment-in-china","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/white-house-announces-new-restrictions-on-advanced-tech-investment-in-china\/","title":{"rendered":"New limits on China&#8217;s advanced tech investment announced by White House."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">22<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fwhite-house-announces-new-restrictions-on-advanced-tech-investment-in-china%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1995646&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><h2>The\u2064 Biden Administration Takes Stronger Stance in Trade War with China<\/h2>\n<p>President Joe\u200d Biden has signed an executive order aimed at limiting certain types of foreign investment in\u200d the country,\u2062 particularly in cutting-edge technologies, while also mandating disclosure \u200cof other investments. \u2062The move, according to the White House,\u200d is a crucial step in \u2062<a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/bipartisan-group-of-lawmakers-urge-joe-biden-to-immediately-evacuate-afghans-who-helped-u-s-forces\/\" title=\"Bipartisan group of lawmakers urge Joe Biden to \u2018immediately\u2019 evacuate Afghans who helped U.S. forces\">safeguarding national security<\/a>.<\/p>\n<blockquote>\n<p>&#8220;The Biden-Harris administration\u200d is committed\u2063 to keeping America safe and defending America\u2019s national security by protecting technologies that are critical to the next generation of military innovation,&#8221; the administration\u200c said\u2063 in a press release.<\/p>\n<\/blockquote>\n<p>The executive order is \u200dspecifically designed to address the national security \u200brisks posed\u200d by &#8220;countries of concern&#8221;\u200d that could potentially exploit advanced technology \u200dfor\u2062 military, intelligence, or surveillance purposes.<\/p>\n<p>While acknowledging the importance of cross-border investment to the \u2063U.S. economy, the White House emphasized that the order is &#8220;narrowly targeted&#8221; to ensure national \u2064security.<\/p>\n<h3>Treasury Secretary Janet Yellen Voices Concerns<\/h3>\n<p>Treasury Secretary Janet Yellen expressed her concerns during her visit to China in July, criticizing the country for its punitive measures against foreign firms, particularly those from the U.S.<\/p>\n<blockquote>\n<p>\u201cDuring meetings with my counterparts, I am communicating the concerns \u2064that I\u2019ve heard from the U.S. business community \u2014 including China\u2019s use of nonmarket tools like expanded subsidies for \u200cits <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/living-through-a-socialist-collapse-an-insiders-account-of-venezuelas-demise\/\" title=\"Living Through A Socialist Collapse: An Insider\u2019s Account Of Venezuela\u2019s Demise\">state-owned enterprises<\/a> and domestic firms, as well \u2063as barriers to market \u200caccess for foreign firms,\u201d \u200cYellen said. \u201cI\u2019ve been particularly troubled by punitive actions that have been taken \u2063against U.S. \u200bfirms in recent \u2063months,\u201d she added.<\/p>\n<\/blockquote>\n<p>Administration officials held \u2064a conference call with\u200c reporters to outline the executive order, emphasizing that major U.S. companies should not be surprised as \u2064they have already engaged in discussions with relevant stakeholders who would be affected.<\/p>\n<p>The <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/white-house-announces-new-restrictions-on-advanced-tech-investment-in-china\/\" title=\"New limits on China's advanced tech investment announced by White House.\">order specifically identifies quantum information \u200ctechnology<\/a>, artificial intelligence systems, semiconductors, and \u200dmicroelectronics as prohibited types of\u2064 investment. This\u2062 follows a series of other restrictions \u2062on U.S.-China trade introduced in the past year.<\/p>\n<p>The Treasury Department will oversee the \u2064implementation of the new program, which will require notification of certain transactions \u200cand impose full prohibitions on others.<\/p>\n<blockquote>\n<p>&#8220;It&#8217;s important to recognize this is a <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/blinken-meets-chinese-foreign-minister-in-a-rare-trip-to-beijing-amid-criticism-and-dim-hopes-for-progress\/\" title=\"Blinken visits Beijing amidst criticism and low expectations for progress, meets Chinese Foreign Minister.\">national security action<\/a>, not an economic one,&#8221; a\u200c senior administration official clarified.<\/p>\n<\/blockquote>\n<p>China is explicitly mentioned as\u2063 a country of concern, with the White House highlighting \u200bits\u2064 potential to exploit U.S. investment for\u2062 the development of &#8220;sensitive technologies&#8221; that could enhance its military capabilities. Tensions between the U.S.\u2063 and China have been escalating, particularly as China becomes more assertive in its claims over Taiwan.<\/p>\n<p>The executive order aims to prevent\u200b China from accessing not only American money but also U.S. information and intelligence. The United States already has existing restrictions on exports to China.<\/p>\n<p>The Treasury Department is also seeking public feedback on \u2063a proposed rule that will \u2062further\u200b define the scope and objectives of the program. The finalization of this rule\u200c will occur at a\u200b later date.<\/p>\n<p><a href=\"https:\/\/www.washingtonexaminer.com\">Click here<\/a> to read more from The Washington Examiner.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>President Biden has taken a tougher stance on the trade war with China by signing an executive order. This order restricts specific foreign investments, particularly in advanced technologies, and mandates disclosure of other investments. The White House justifies this action as a means to safeguard national security. Additionally, mortgage rates have surpassed 7%.<\/p>\n","protected":false},"author":1,"featured_media":1995647,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[538],"tags":[],"class_list":["post-1995646","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-washington-examiner"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1995646","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1995646"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1995646\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1995647"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1995646"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1995646"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1995646"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}