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Senate Democrats announce new effort to combat Chinese competition

May 4, 2023
Source: washingtonexaminer.com washingtonexaminer.com
News Snapshot:
Senate Majority Leader Chuck Schumer (D-NY) and top Democrats are drafting a new proposal that intends to address competition with China and prepare a plan to combat aggression against Taiwan . Last year, lawmakers passed a bill to boost competition with China with semiconductors and other technology. The legislation , signed into law by Biden, authorized more than $170 billion over five years to boost research in an effort to better compete with China and $52 billion in new subsidies for semiconductor manufacturing and research. WEST SHOULD VIEW CHINA’S THREAT TO TAIWAN AS ‘THREATS AGAINST US ALL’: CZECH FOREIGN MINISTER...
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