Get the latest tech news
Why on Earth does Trump want to cancel the CHIPS Act??| A second Trump presidency would truly be a gift to Xi Jinping --
A second Trump presidency would truly be a gift to Xi Jinping.
So to repeat: Why on Earth would Donald Trump and Mike Johnson cancel a bipartisan law that’s spurring hundreds of billions of dollars of private investment into a critical strategic manufacturing industry that’s mostly benefitting red states? Trump may unleash occasional bellicose rhetoric at China, or kick weakly at its economy with tariffs, but he has shown no appetite to build up U.S. industry to the point where it can actually defend against Chinese power. Ironically, although he helped catalyze the current bipartisan approach as president by upending the long-term U.S. policy toward China that emphasized engagement over competition, he has never fully embraced the new consensus and now stands outside it.
Or read this on r/technology
