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US vs. China: US Senate approves $244 billion package

Democrats and Republicans in the US Senate often disagree – and draw specific conclusions from that agreement. about this subject China However, there was now a consensus worth billions. The Senate voted overnight for a wide range of laws designed to make the United States more competitive with Chinese technology.

“If we don’t do anything, our days as a dominant superpower may be numbered. We don’t want these days to end under our stewardship. We don’t want that USA “It’s going to be a humble nation this century,” Senate Majority Leader Chuck Schumer said Tuesday. The draft describes China as the “biggest geopolitical and geo-economic challenge” in US foreign policy.

By 68 votes to 32, the Senate approved nearly $190 billion for American technology and research. The former presidential candidate was only from the Democratic Bloc Bernie Sanders voted against. Among other things, he had complained that the billionaire’s space program might have been worth billions of euros in the package Jeff Bezos will reinforce.

It will also spend $54 billion to boost US manufacturing and research in semiconductors and communications equipment, including $2 billion from chips used by automakers.

The industry is currently experiencing massive bottlenecks as the Corona crisis has led to significant production constraints. Senator Todd Young, a Republican co-author on the draft, said the bill “is not just about defeating the Chinese Communist Party,[it]is about using the challenge to invest in innovation to make a better version of that to become ourselves.” The bill now must pass on the House of Representatives.

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New sanctions should be possible

In addition to investments, the paper also contains specific countermeasures against China. When they come into force, new sanctions will be possible, for example in the case of human rights violations by the Chinese government. In addition, he calls for a new study on the origin of the coronavirus and a diplomatic boycott of the 2022 Winter Olympics in the People’s Republic of China. It’s only 300 million dollars According to the Washington Post, Prepared to take measures against the influence of the Communist Party.

He was the last president of the United States Joe Biden Provided a list of 59 Chinese companies, Where it is no longer possible to make US investments. The sanctions target companies allegedly involved in technologies that “facilitate repression or serious violations of human rights.” She added that this undermines “the security or democratic values ​​of the United States and our allies.” Washington.

Also, the United States has announced a trade agreement with Taiwan A clear reference to China, which considers Taiwan a breakaway province.