Replies

Hmm hmm hmm ... who is actually in charge? More evidence that Bitem and team is not!

Biden To Let Trump-Era Rule Severely Regulating China Tech “Threats” Take Effect

https://www.zerohedge.com/economics/biden-let-trump-era-rule-block-china-tech-threats-take-effect
In a move that China state media has ironically enough said is part of broader White House policy that “smacks of Trumpism” - and which is also unpopular with American businesses, Biden will move forward with a rule that will allow the Commerce Department to ban tech-related business on US soil deemed to “pose a national security threat”.

It appears yet more confirmation that Trump’s prior efforts to “box-in” Biden on China are proving effective. The rule proposed under the Trump White House as late as January, and based on a prior Trump-issued executive order from 2019, might not be enforced as “aggressively” - officials quoted in The Wall Street Journal seek to assure, however, it’s also said that Biden doesn’t want to appear “soft” on China in nixing it.