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DeepNewz, mobile.
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California Democrats are expressing concern over potential new restrictions on U.S. technology exports to China, fearing a 'death spiral' for American tech firms. They are urging the Biden administration to halt plans for further curbs, highlighting the financial losses already being faced by U.S. companies. The opposition to these restrictions is growing as Chinese companies continue to advance their independent innovation capabilities. The term 'death spiral' underscores the deep concern among U.S. politicians about the potential negative impact on American businesses.
Some California Democrats have strong feelings about the plans for further restrictions on US technology exports to China, which may lead to some bigger changes https://t.co/S3Yas3Dsa3
#GTVoice: #US politicians’ use of the term “death spiral” does not necessarily mean that they are opposed to the tech suppression of #China, but rather highlights their deep concern about the potential harm that measures targeting China could inflict on US companies.… https://t.co/u2QsYKL9HT
#GTVoice: Restrictions on #US technology exports to #China are encountering mounting opposition due to the growing financial losses of American companies and the burgeoning independent innovation capabilities of Chinese companies. https://t.co/K4aMhWTxdL https://t.co/zfYHcUdt7u
