American semiconductor companies want access to the China market despite US government national security concerns and need clear rules from the Biden administration, according to a major industry group.
A bipartisan group of US senators introduced legislation that would allow President Joe Biden to sign a tax agreement with Taiwan, addressing an issue that businesses on both sides have pointed to as a barrier for further investment.
The US will subject real estate transactions near eight domestic military bases to increased scrutiny following a controversy over a Chinese company’s effort to purchase a wet-corn milling plant near an Air Force base in North Dakota.
Taiwan’s legislative speaker visited the US Capitol, where he planned to meet with members of a committee focused on competition with China as the Biden administration readies a $500 million fast-tracked weapons package for the island.
The US accused several Chinese companies of shipping machines that make counterfeit pills to the US and Mexico, and hit more than a dozen entities with sanctions as it looks to crack down on a trade officials say is contributing to the opioid crisis.
The French government believes that forcing a confrontation with China over Taiwan isn’t in the best interest of the West, saying the island’s current ambiguous status may be the best for all concerned, according to France’s new envoy to Washington.