June 22, 2021

Lakefront Hartwell

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The U.S. Senate is ready to vote on “historic” speech to confront China

The U.S. Senate is ready to vote on “historic” speech to confront China

At a rare juncture between Democrats and Republicans, the U.S. Senate on Tuesday will accept an ambitious investment plan in science and technology, which will be presented as a “historic” speech to counter the economic threat from China and its “dictatorial model.”

The project allocates more than $ 170 billion for research and development, particularly aimed at encouraging companies to manufacture semiconductors in the United States, which today manufactures mainly in Asia.

To illustrate the strategic role of this product, global shortages have hit many key sectors, from vehicle shortages to communications.

The bill “paves the way for the largest investment in science and technology for generations,” Democratic majority leader Chuck Schumer said Tuesday.

The vote should take place at the end of the afternoon in the Senate, and then the text must be submitted to the House of Representatives on a date that has not yet been fixed, where it must be firmly adopted before Joe Biden can be announced. .

China’s economic war with the United States since the Trump era is one of the few lessons that the Democratic president has engraved in the continuum of his Republican predecessors.

The bill “will be one of the most important things this room has ever accomplished”, Mr. Schumacher hit the hemisphere.

“Whoever wins the race for future technologies” such as artificial intelligence and quantum computing will be “the leader of the world economy”. He went on to say that the country would “shape the world in its image” with a warning aimed directly at Chinese President Xi Jinping.

“Should this film be democratic? Or do we want an image of dictatorship like a president wants to impose on the world? ”

Senate Republican Minority Leader Mitch McConnell lamented that the program “set aside” measures.

“From critical supply chains to intellectual property and counter-intelligence, it deals with key topics that will help define our strategic foundations for decades,” he added on Tuesday. He pointed out that this should be accomplished with a comfortable majority.

– 50 billion for semiconductors –

Beijing continues to be accused by Washington of industrial espionage and a threat to national security.

The project provides $ 52 billion over five years to promote the production of chips and semiconductors in the United States.

In its brief presentation, parliamentarians underline that the Communist Party of China is “substantially investing more than $ 150 billion” in these technologies.

The U.S. program allocates $ 120 billion to the National Science Foundation, a government agency, to promote research in various areas that are considered important, such as artificial intelligence.

That includes the $ 1.5 billion envelope to build 5G, one of the key areas of tension between China and the United States.

Biden management has been looking for ways to increase domestic production of industrial components such as chips to reduce dependence on foreign suppliers for months.

The US president issued an executive order in February calling on federal agencies to investigate the matter within 100 days.

On Tuesday, the head of US diplomacy, Anthony Blinken, praised congressional work for Beijing, including this industrial action plan aimed at “strengthening the United States.”

“Investments in our technologies, investments in our workers, investments in innovation and research and development, all of these together are the way to face China from a position of strength.”

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