Tag: US Treasury secretary
- 15 Aug
Biden orders ban on investments in sensitive Chinese tech firms
President Biden signed an executive order that will restrict US investments in Chinese companies that are involved in sensitive technologies, such as artificial intelligence, quantum computing, and semiconductors. The order is part of Biden's broader efforts to counter China's growing technological prowess. The order is expected to have a significant impact on US-China relations and is a significant escalation of the US-China technology war.