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#US congress ร—

US lawmakers push for fewer tax breaks to reduce reliance on China technology

A growing number of US lawmakers see the tax code as a way to shift corporate Americaโ€™s reliance on Chinese technology, framing economic ties as a national security risk, seen most recently in a congressmanโ€™s comments on Thursday. Representative Nathaniel Moran said on Thursday that business leaders must remember China is an โ€œadversaryโ€, arguing that the American business world remains trapped in a โ€œtoxic relationshipโ€ with Beijing. Speaking at a Hudson Institute event, Moran highlighted...