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

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 a “toxic relationship” with Beijing. Speaking at a Hudson Institute event, Moran highlighted...