RE:USA Inflation Reduction Act (IRA) 2022 Re: Biotech and ChinaMay 08, 2024 - The U.S. on Tuesday said it revoked certain licenses to sell chips to China’s Huawei, in its latest efforts to curb China’s tech power.
https://www.cnbc.com/2024/05/08/us-revokes-some-export-licenses-to-sell-chips-to-chinas-huawei.html
In December 2022 - "The White House and Congress are quietly reshaping the American economic relationship with the world’s second-largest economic power, enacting a strategy to limit China’s technological development that breaks with decades of federal policy and represents the most aggressive American action yet to curtail Beijing’s economic and military rise."
The new strategy, which the Biden administration internally calls its “protect agenda,” is being rolled out this fall and winter in a series of executive actions. In October, the Commerce Department issued new rules aimed at cutting off Chinese firms’ ability to manufacture advanced computer chips. They will soon be followed by an executive order creating new federal authority to regulate U.S. investments in China — the first time the federal government will exert such power over American industry – and an executive order to limit the ability of Chinese apps like TikTok to collect data from Americans.
In particular, Sullivan has highlighted biotechnology and clean energy as two industries where the U.S. must not let China take the lead. But White House policymakers say those actions will be “carefully tailored” to affect only high-end, strategic products, and not cut off everyday commerce.
“Clean tech, biotechnology — these are sectors that are poised for significant growth,” said a senior administration official, who spoke anonymously to detail administration policies.
The new initiatives to curtail Chinese tech firms represent a shift from the optimistic stance toward technological development that defined American policy for decades.
Throughout the end of the Obama administration and through Trump’s term, national security officials struggled to convince their colleagues in other agencies that commercial interests in the Chinese economy should, at least, be tempered by security considerations.
In his September speech, Sullivan outlined three broad sectors where the administration would try to stall Chinese development: computing (including chips, quantum computing and artificial intelligence), biotechnology and biomanufacturing, and clean energy tech.
The U.S. government moves beyond the semiconductor sectors and seeks to stall or outpace China’s development in other critical sectors like biotech and clean energy
https://www.politico.com/news/2022/12/26/china-trade-tech-00072232