Pushback to President Biden's executive order on outbound investment has been swift from all sides.
Illustration by Sam Ward
At this spring’s China Business Conference, the president and chief executive officer of the U.S. Chamber of Commerce made an impassioned case for restraint. When it comes to America’s China policy, Suzanne Clark said she wanted the D.C. audience of politicians, executives, bureaucrats, journalists and scholars to remember one thing: “Not every economic interaction with China poses a national security risk.”
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The Entity List has become one of America’s favorite weapons in its economic arsenal. The Trump administration just increased it by more than 20,000 companies, provoking ire from Beijing and putting it at the center of this month’s sudden and dramatic deterioration in Sino-U.S. relations.
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