"US Lawmakers Warn of Economic Consequences in Escalating Tech War with China"
TL;DR
The House Select Committee on the Chinese Communist Party has issued a report with 150 recommendations to strengthen the American economy and better compete with China. The report emphasizes the need for a contingency plan for the economic impacts of conflict with China, diversification of supply chains, crackdown on illicit trade practices, and technological advancements. The recommendations received bipartisan support, but concerns were raised about potential economic retaliation and the impact on industries like agriculture. The committee also called for tariff reform to prevent products made with forced labor from entering the US market.
Topics:nationpoliticseconomy#chinese-communist-party#economic-retaliation#house-select-committee#politicseconomy#supply-chains#us-china-trade-relationship
- U.S. economy unprepared for conflict with China, House Select Committee on CCP says KOMO News
- House committee says China's economic system is "incompatible" with WTO Axios
- The Washington-Beijing tech war is just getting started The Japan Times
- US Lawmakers Target China With Export Controls, Sanctions Bills Bloomberg
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