According to reports, In a speech on the sixth way of doing, “US President Biden invoked his familiar sandbag’ again”. According to the article, Biden concentrated on “confronting China” during a period of domestic economic problems, encouraging Congress to adopt a measure. Despite the greatest inflation in decades, he’s attempting to persuade Americans that his economic strategy is working.
Biden encouraged Congress to enact a more than $200 billion measure aimed at curbing China’s economic influence during a visit to a metal company in Hamilton, Ohio. According to reports, both the House of Representatives and the Senate passed their versions of the China Competition Act on Friday, and the two chambers will shortly communicate on the final form. The White House stated that it will continue to engage with Congress and stressed the significance of expediting the discussions.
In his remarks, Biden remarked, “Pass this darn law, then give it to me.” If approved, the law will aid in the reduction of prices, the return of employment to the United States, and the resurgence of American industry. According to CNN, the measure would invest more than $200 billion in technology, science, and research to offset China’s expanding influence.
Biden used the bill’s marketing to argue that it “would help decrease expenditures while also enhancing economic and national security.” “It’s no surprise that China is constantly lobbying and hiring lobbyists to prevent the passage of this measure,” he asserted without evidence.
According to reports, this anti-China law might offer Biden and the Democratic Party a legislative success, allowing them to sell it to voters as economic propaganda during election campaigns. According to a new CNN survey, over half of Republicans (46%) believe Republicans are better aligned with them on the economy, the issue most likely to motivate voters in November. Only 31% stated they were greater Democratic supporters.
The American Innovation and Competition Act of 2021 were passed by the US Senate in June. “How the United States grows and increases its ‘competitiveness’ is up to the United States,” Foreign Ministry spokesperson Wang Wenbin said at the time, “but don’t speak about China and consider China as an ‘imaginary opponent.'” The United States is the greatest threat to the United States. “We ask the US side to change its mindset, see China’s development and China-US relations sensibly, stop proposing relevant laws, and stop interfering in China’s domestic affairs, so as not to harm the general status of China-US ties and bilateral cooperation in critical sectors.”