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

Source: China – South China Morning PostA growing number of US lawmakers see the tax code as a way to shift corporate America’s reliance on Chinese technology, framing economic ties as a national security risk, seen most recently in a congressman’s comments on Thursday.
Representative Nathaniel Moran said on Thursday that business leaders must remember China is an “adversary”, arguing that the American business world remains trapped in a “toxic relationship” with Beijing.
Speaking at a Hudson Institute event, Moran highlighted…Read More

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