President Biden on Wednesday signed an executive order banning American investments in certain technologies in China, marking a significant escalation in the economic war against Beijing.
The order prohibits American venture capital and private equity firms from investing in three technology sectors in China: semiconductors and microelectronics, quantum information technologies, and certain artificial intelligence systems.
The order restricting investment in China has been years in the making, as Biden administration officials had been at odds on how far the executive action should go.
A Biden administration official said the order also creates an outbound screening mechanism. The restrictions are being put in place under the guise of national security, and US officials insist they are not trying to hurt economically, only prevent China’s military from gaining access to US technology.
But that’s not how Beijing views the restrictions and other sanctions the US has placed on China’s semiconductor industry. While the administration is trying to tone down its rhetoric, Commerce Secretary Gina Raimondo has previously said that the US wants to work with other countries to “slow down China’s rate of innovation.”
China is likely to respond to Biden’s order in some way as it has previous economic measures. After the US convinced the Netherlands and Japan to join in on sanctions restricting China’s access to technology needed to make advanced semiconductors, Beijing banned products from the US memory chip maker Micron.
While the Micron ban was clearly a response to US sanctions, Raimondo blasted Beijing for the move, calling it “economic coercion.” More recently, China has restricted the export of gallium, a metal widely used in advanced microelectronics.
Biden’s new order comes as US-China relations are at their lowest point since normalizing relations in 1979. Some ultra-China hawks in Congress are calling for cutting off all trade with China, which would likely take decades to achieve and would make war between the two powers much more likely.
There is only one rationale for a policy like this, preparation for war.
Oh no! How will the global crapitalists make their money?
I am so upset these corporations are having restrictions placed on them that will hamper their profits!
How will my betters turn a dollar now?
Wait, in whose interests than our “betters” do you think the Biden Admin is acting here? Has Biden ever not acted in the interest of money and power?
Those cheap shelf prices on imported goods do have a myriad of hidden costs.
Politicians know the voters do not look past the sticker.
Ah, got it. But these bastards aren’t moving the production lines for goods back to the west, they’re moving them to Indonesia and India and Vietnam … just cutting out China if they can.
By promoting gambling and pornography as well as shrinking jobs via busting unions and using AI to eliminate jobs.Also they are not our betters. They are evil and must be set aside.
This policy is so very foolish. I voted for Biden to get rid of Trump, and to have a diplomat in the White House. What I got was a GD another warmonger who is wasting taxpayer dollars that could be put to good use in America. We turned down Russia’s request that Russia be an equal, be a part of the Western Alliance, then hounded them with innuendo, collecting countries to enter NATO, to encircle Russia and look what it got us. A full blown proxy war against Russia. We have been going down the same path with China, always seeking to be the “one”, the hegemon over all. I would rather all countries benefit one another, not encourage wars, or sell and distribute war goods all over the world. This is not living. It just isn’t.
“I voted for Biden to get rid of Trump” – now you may vote for Trump to get rid of Biden.
Isn’t democracy great? So many wonderful choices …
Sarcasm now and sarcasm forever.
AMEN! RFK 2024!
Yeh, vote zionist! That’s real progress.
What politician is not?
Hope springs eternal, … I’m a sucker for that return of a “fleeting wisp of glory”… . but, you’re right, just another sack-a-shit politician.
The only good thing I can think of is that those Zionists will die just as we will. Good riddance.
RFK is not the answer to our problems. We do not have any answers to the issues affecting our citizens. The situation is dire and I do not see any solutions.
The chances of our dying increase exponentially every day whether Biden or Trump or some other looney Republican rises from the shitpile..we are running out of time to make the changes needed for our survival. I don’t like our chances.Fucking with China and Russia is a fools errand.We have a lot of fools.
Trump was NEVER going to get us into another war, he was a azz for sure but new war,,hell NO!
What result do you think a trade war with China would be created except to destroy the US economy?
Trade war? Well if you want to call a RETREAT back to more domestic production of manufactured goods a trade war but, really?
You surely are tired of these cheap prices subsidized by our military spending by now and a return to more people having decent factory jobs is not exactly a war except against global corporations and the few.
If Iran would have only taken the (his) bait. But Don came to the rescue and stopped the war he almost started. I guess we had to settle for his “maximum pressure” sanctions and his threats to destroy them like they’ve never been destroyed before. And he did escalate the ongoing wars while lifting the rules of engagement to make killing easier in all of them. Did more bombing in Somalia than W and Obama combined. Plus, he imposed killer sanctions on others, Syria and Venezuela come to mind. Maybe someday we can actually talk about a president that didn’t continue on with the same belligerence as the last one. It sure isn’t Trump.
I agree with your points, I hope the MOFU does not run again as he did suck the D##$’s of the military complex.
And what we got was even worse. And that party won’t set that old fucker free either. It’s like a nightmare coming that we can’t stop. Trump vs Biden II.
By bait if you mean the killing of their general, that was made with the cooperation of the mullahs. There was never going to be a war with them.
We are all entitled to our own opinions. I disagree with yours.
Im sure you have bought many bridges in your time.
Sadly it looks like the joke was on U, deal with it as U drank the kool Aid. 🙁 RFK 2024!
Thanks to Moore’s Law, 10,000 suckers are born every minute instead of Barnum’s 1.
Let this be a lesson. No matter how you vote, you always get the shaft. It’s best to sit at the sideline, throw tomatoes and cabbage at people who do, and watch the world burn.
Escalate escalate escalate. Biden is literally trying to escalating the Trump trade war into a real war. I don’t understand, why would the US pick a fight with one of our largest trading partners, a key link in every supply chain possible, and the one country that makes 99% of all the world’s electronics? A bitter disappointment Biden turned out to be, a worse warmonger than even Trump.
In the mean time, just this week, Alaskan glaciers are melting and flooding, Hawaii is burning, even my own podunk town got hit hard by storms that knocked out 20% of the city’s power. Do I take any action on climate? NOPE. Better start a pollution race with China and see who burns down or floods the fastest.
Although China puts people first, it made a big mistake copying the US automobile culture. Even so, the huge population of China still uses less polluting energy per person and it is a leader in rapid transit, solar, wind power and reforestation.
Yes, Biden is a terrible disappointment and as bad as Trump in his own corrupt way. I suggest you can easily take action and help lead the US and then China away from the abyss of human extinction. Study op on home gardening as a way to get in good physical shape while you BDS corporatism.
The modern capitalist economy is actually very feeble and frail. China, Russia and Korea maintain a closer connection to production of the necessities of life by the population than the US. This gives them a strength which bewilders US war mongers. Should Americans turn their mixed race culture to a modern economy and culture that accentuates the positive via direct individual responsibility for the necessities of life while living in balance with physical reality, it would provide leadership toward a more perfect union that China would be quick to emulate.
Good comment GC.Never going to happen. The course is set and nothing I can think of will solve the problems of Capitalism and warmongers.
Well I guess you have given up…..Geez,,I wonder if that is what the Je#s said as they boarded the cattle cars, with their Baby’s and children in tow…:(
WTF??
Individualist approach is attractive abroad but US rely on cars because mass transit is pitiful. People simply have no other choice. It isn’t a culture. It’s necessity. Branding it as ‘culture’ is just sales pitch. That’s all imperials can do. Make advertisements with zero substance. Empire of Lies…
“Yes, Biden is a terrible disappointment”
Can’t help myself here. But every time I read that, or something similar, I have to ask, what were you expecting? It’s like a slam dunk as to what I thought. we were getting.
The US ruling class does these thing because they can. They really do not care what happens to the wage slaves in the US who are helpless subjects vulnerable to the effects of Climate Change caused by fossil fuels and the weather changes that are killing people
It is for this reason we cannot say making a new government mid-wifed by war resistors will never happen. I suggest the capitol be in Kansas and the architecture avoid copying slave powered Rome. China has built some nice government buildings for Egypt as one example.
More people are being killed by drugs every year in the USA than has died from “climate Change” globally in the last 20 years.
The USA, with OUR tax money, has murdered more people in the last 70 years that will be killed from climate change in the next 2 hundred years. Get real my friend, stop being so gullible.
This ratio will not remain accurate for long.
U are selling futures now,,not a good argument my friend. 🙂
Trump a “warmonger”,,what are U on???
U worried about the climate etc.??,,the world was warned in 1994 by “messengers”, maybe like those mentioned in the Bible,,but the implication of just who those “messengers” were and came from terrified the USA Power Elite so much they ignored it as the media basically did. So here we are today, something I realized as a 9 YO. in the 1950’s. Read all U can, if U really care, (Y-T), on Ariel School Zimbabwe 1994 and DR. John Mack Ariel School. Mankind, Humanity, is such a failed species the Earth deserves far better.
“I don’t understand, why would the US pick a fight with one of our largest trading partners …”
PRC is not US’s trading partner. US doesn’t have anything to trade.
The reason imperial parasites are going against PRC is because they are a threat to Anglo-American imperial dominance. These cowards don’t want a war with China, they just want to start a war in Asia and run away. PRC was beneficial when it shipped goods and resources to the empire with nothing but empty promises in exchange. It isn’t beneficial for the empire to have a booming economic powerhouse like PRC.
“PRC is not US’s trading partner. US doesn’t have anything to trade.”
The top five US export categories to China last year were soybeans, semiconductors, pharmaceuticals, industrial machinery, and crude oil. Only about $150 billion per year after several years of trade war, but still significant.
“Biden Signs Executive Order Banning Certain Investments in China The move marks a significant escalation in the economic war with China”
Poke the Kung Fu Panda while you are actively poking the Russian Bear and Joey Biden may just have his senile diaper encased a$$ handed to him.
The problem is that American citizens will suffer the consequences for the actions of the corrupt politicians in Washington.
Too bad we can’t just put Senile Joey Biden, President Putin, and Xi in an octagon and let them fight to the death. The tag team would be like pistol whipping a blind kid.
“Express Elevator To Hell”!!
So now the USA Prez. has basically become a KING through all his “Executive orders”?? Bye Bye to the Constitution.
We might as well terminate the Congress as it has become nothing but a useless and weak corrupt circus. 🙁 Purge the DC Ghouls! Or is it now too late for that? Long live the 2nd.
Impotent, purely political move that will have no economic impact what so ever or even likely to attract more investments to PRC. Anglo-American empire have lost all economic, diplomatic and military influence in the region. The Creepy Joke regime is burning bridges and cutting any remaining influence strings faster than any previous Washington regime.
“Impotent, purely political move that will have no economic impact what so ever or even likely to attract more investments to PRC.”
Presumably the latter. Or, at the very least, US firms that want to invest in Chinese projects will either re-domicile to some country other than the US, or create subsidiaries domiciled elsewhere to do so. The economic impacts will be:
1) Higher prices and fewer choices for US consumers; and
2) Capital flight from the US.
Several point blank questions (as you can see because you are the mod) and now he’s gone silent….
Why would he comunicate about the deleted post here on a almost unused blog that someone then deletes the exchange? But on the undeleted very few posts that are 9 months old are comments by trolls exchanging Discuss account emails?
I have no idea.
No biggie if he is, kind of funny honestly because he’s so cartoonish and that cartoon quality honestly still has me leaning towards his being special.
They do tend to ignore, go away, and then just start up again as if nothing occured (autism with possible Asberger’s; I worked with quite a few to help them navigate the world) and it’s that pattern I’m seeing but I keep coming back to that unused blog and a couple of the very few using it 9 months ago when anyone posted there except his this morning, to be obvious trolls using it to communicate and him today engaging in a conversation he deleted then lies to me as to why I got the notice.
Who knows? Who cares?
Whover he is, he is no one to take all that seriously but you are the eeeevile mod so you do need a heads up….
Well, thanks for the heads up.
As to the deleted post he features on that other site: Like many of his posts, it was close enough to a death threat/advocacy of assassination that it was a coin flip as to whether it violated our guidelines or not. So I could see why he might not consider me “impartial,” but I’m also not sure why he’d complain about that insofar as my partiality is really the only reason he hasn’t been banned. Not sure what any of it has to do with whether I’m “antiwar” or not.
It was close, either way perhaps, but it was such a idiot post that I’d get rid of it myself.
BTW He replied to me on that deleted post he made (it was removed from the site but was repliable through Discus), and “kind of” shared after a bunch of meaningless words (not in “Russia” tinted venacular, but regular english 😉 he’s not paid…lol.
So I first pointed out he lied about replying to me with the post in question (that rather I was inadvertently included in the paste which garners the notification) then asked why he was posting on a unused blog last used by trolls to communicate, who was he and why did he pretend to be Russian.
His reply was that he answered all he was going to and goodbye.
I do believe I’ve lost a imaginary friend that is quite the curious one…lol.
Horton on Napolitano today is interesting as I type right now btw… you all need to update the Horton stuff 😉
Today’s soap opera is over (gawd I hope) but that guy must be special..
Tommy, the only inconvenience for me would be flashing down Antiwar from my Frequented Communities. Your ban threats are about as impotent as your arguments.
Approve the post stuck in spam folder and quit running your useless mouth.
I don’t care one way or another whether you’re “inconvenienced.” I’ll run my mouth as I damn well please. And so will you — although if you do it here you’ll do it on my sufferance.
There are no posts stuck in the spam folder, and if there were I wouldn’t seek your advice on whether to approve them.
Hmmmm…..Naasty..
“autism with possible Asberger’s”
I probably resemble that remark at least a little. Not as much as I used to, or I wouldn’t have been married for 23 years so far.
No, I do not see a diagnosis with you….good hiding it 😉
I used to run/work in a Medicaid waiver houses that had some of those guys (to hear how their high school years sucked for them was sad) so I do have a bit of real life professional experience with them.
( also worked at a locked facility with court ordered schizophrenics of all sorts too)
Btw at that other site his venacular is eastcoast college grad.
I can see a change to normal english but a IQ boost too?
He’s playing a part and Autistics do have jobs or we try to get them one and volunteering or a good hobby does suffice.
But a seemingly a IQ boost and a post on a unused for 9 months really obscure blog then lies to me about why I’m notified? Autism can explain it all, especially that blog (maybe) but I must say for such a prolific poster that loves long posts (All this typing now trying to spil rite is tiring) he is a curious one.
Maybe Biden Should Sign Executive Order Banning Certain Investments By China in USA like farmland, tech manufacturing, housing, infrastructure?
yes. i wish that somebody could explain why China is allowed to purchase US farmland and food plants such as Kirkland. not to be outdone, Bill Gates seems to have been buying up US farmland also.
They’re “allowed to purchase” things for the same reason you are: Someone has money, and someone else has something for sale, and they reach an agreement.
That simple Eh??
Biden already has a policy. He just seizes what he wants, then waits a comfortable length of time and starts talking about liquidating the foreign assets for some noble sounding cause.
China may be using the sea to hide it’s submarines
http://smoothiex12.blogspot.com/2023/08/stop-planet.html
i wonder where is uncle sam hiding all of his submarines?
Anyone here thinks China’s reading the writing on the wall? No? They’re even more stupid than the Russians and never read the bible? Makes sense because they said, “When the winds of change blow, some people build walls and others build windmills.” – Chinese proverb.(Sarcasm)
Yeah I think this time the Masters of the Universe (TM) may have bitten off more than they can chew by far. China is awake now, a nation of more than a billion hard-working, motivated, educated, and patriotic people. They will take over the main economy position in the world and not look back. We had a choice to be a partner or an adversary and we are choosing the latter … not smart.
Absolutely, it’s like we’re always given the same choices of war and peace. We always choose war, not peace.
Leftists / Neocons / MIC are determined to create a war with China.
The Nuremberg Medical Trials 1946-47 and the ensuing Nuremberg Code addressed in particular the absence of consent of those involved in research of Nazi experiments, and as a consequence the principal of informed consent for the first time on an international level was introduced.
Now today the forcing of experimental vaccines on populations are in breach of these Nuremberg Codes. The authorities lied about all aspects of the vaccines and banned all experts on the subjects who tried to warn us all about the dangers.
These are crimes against humanity and Nuremberg trials need to be established to prosecute those guilty of forcing populations without informed consent to tke horrendously dangerous vaccines that are seriously harming millions of otherwise healthy people.
The King has babbled another inanity. Long live the US of Babel.
While accusing Xi of acting like a dictator, Biden once again extends Executive Branch overreach. Things that would never have passed the odor test under Trump are becoming commonplace in this administration.
I’m not sure Biden actually has the authority to issue such an order. But I’m certain that he should NOT have such authority. Congress must take back its Constitutional authority over war and trade. We could start by establishing a review process to determine whether Presidential claims that national security is threatened are reasonable.
This administration is the global leader in unexpected consequences. The sanctions failed to cripple Russia but harmed Europe and our own economy. Sanctions on specific chips and semiconductor equipment have hurt our own chip sales and harmed chip making equipment sales in the Netherlands, South Korea, and Japan. They have also stimulated technological innovation in China’s semiconductor industry.
BTW. The link to Biden’s executive order in the main post seems to be broken. Try this one instead.
https://www.whitehouse.gov/briefing-room/presidential-actions/2023/08/09/executive-order-on-addressing-united-states-investments-in-certain-national-security-technologies-and-products-in-countries-of-concern/
Having tested artificial intelligence on the battlefields of Ukraine, Biden is convinced that we cannot allow this technology to fall into the hands of Russia or China. (I jest)
Zelensky’s Gestapo is kidnapping civilians. Zelensky’s Wehrmacht is ensuring that the gross human rights abuses in Ukraine go unhindered. The Nazi’s in Ukraine are making vast fortunes off the suckers providing billions in aid.