US Proposes Rules to Restrict Investments in Chinese Military-Linked Technology

Biden administration aims to curb funding for AI, computer chips, and quantum computing in China, citing national security concerns.

The proposed rule follows Biden's 2023 executive order targeting 'countries of concern' like China, Hong Kong, and Macau.
Restrictions would prevent American investments in technologies that could enhance China's military and surveillance capabilities.
The rule also includes a stiff tariff on Chinese electric vehicles, reflecting broader geopolitical tensions.
Treasury Department is seeking public comment on the proposal until August 4, 2024.
Officials emphasize that the goal is not to 'decouple' from China but to protect US national security.