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US lawmakers push for fewer tax breaks to reduce reliance on China technology

South China Morning Post 02 July 2026 1h ago
US lawmakers push for fewer tax breaks to reduce reliance on China technology
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A growing number of US lawmakers see the tax code as a way to shift corporate America’s reliance on Chinese technology, framing economic ties as a national security risk, seen most recently in a congressman’s comments on Thursday. Representative Nathaniel Moran said on Thursday that business leaders must remember China is an “adversary”, arguing that the American business world remains trapped in
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