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Biden administration adds 14 Chinese firms to trade block list
Days after pushing for sweeping AI chip export restriction, the Biden administration has added an additional 14 Chinese companies to its restricted trade
In its last days in office, the Biden Administration seeks to undermine America’s leadership with a 200+ page regulatory morass, drafted in secret and without proper legislative review. And by attempting to rig market outcomes and stifle competition — the lifeblood of innovation — the Biden Administration’s new rule threatens to squander America’s hard-won technological advantage. How, precisely, this plays out isn’t clear, as the incoming administration looks to continue a tough on China stance, while appearing to foster American innovation amid the AI race.
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