US Passes Anti-China Competition Bill: Deliberately Flaming Tensions as Olympics Kick Off
US Passes Anti-China Competition Bill: Deliberately Flaming Tensions as Olympics Kick Off
Congress has narrowly passed a multibillion-dollar bill aimed at increasing US competitiveness against China and boosting semiconductor manufacturing.
The House voted the “America COMPETES Act of 2022” by 222-210, almost entirely along Democratic party lines.
The vote took place, rather symbolically, on the same day as the opening ceremony of the Beijing Winter Olympics.
The gold medal for unsporting trade goes to… There just wasn’t any competition now, was there?
