US lawmakers reach agreement to cut off American investment in China

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U.S. lawmakers have reached an agreement on legislation aimed at limiting U.S. investments in China on Tuesday.

"Over the last couple months, we have engaged in constructive discussions with stakeholders on developing a robust, targeted outbound investment mechanism to ensure the United States is not ceding its manufacturing power in industries critical to our economic and national security to foreign adversaries,""The refined proposal released today has bipartisan, bicameral support and addresses industry concerns," they added.

Biden's White House is searching frantically for ways to curb inflation, which remains at a 40-year high and at the top of voters' minds heading into the 2022 midterms. The administration repeatedly dismissed inflation as "transitory" last year, a diagnosis Treasury Secretary Janet Yellen"I think I was wrong then about the path that inflation would take." she told CNN in early June. "As I mentioned there have been unanticipated and large shocks to the economy that have boosted energy and food prices and um, supply bottlenecks that have affected our economy badly, that I didn’t, at the time, understand.

"I think some reductions may be warranted and could help to bring down the prices of things that people buy that are burdensome," Yellen said. "I want to make clear, I honestly don’t think tariff policy is a panacea with respect to inflation."

 

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Yeah, right. Let's see how long that lasts when China starts calling in some of the massive US debt they own.

About damn time. How many red flags do you people need to see before we treat China as the literal virus they are? Covid aside, they are a threat to our peace and sovereignty. They must be shunned for there cruel acts on there own people and the danger they pose to western life.

Incredible. And just about thirty years late.

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