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WASHINGTON (AP) — The U.S. Treasury Department, seeking to keep the Chinese military from gaining an edge in advanced technologies, issued a rule Monday to restrict and monitor American investments in China in artificial intelligence, computer chips and quantum computing.
MANILA–All major global powers are flexing muscles in East Asian waters, with the US, China and even Russia conducting major drills across the Western Pacific and Southeast Asia in recent days. While global attention focuses on the potential for a major conflagration in the Middle East, great powers are sleepwalking toward conflict in Asia.
In past engagements, both candidates have identified China as America’s foremost competitor. Harris declared at the Democratic Convention that “America, not China” will prevail in the competition for the 21st century, promising the US would not “abdicate its international leadership”. Trump, meanwhile, has consistently advocated for imposing stiff tariffs on Beijing to protect the US economy.
Still, a larger question remains: can America continue to play a leadership role in Asia when US policy is dominated by strategic competition with China, the region’s largest economy and military power? This lens, which has bipartisan support in Washington, must be shaped to better match Asia’s strategic value to the US as the engine of 21st century economic and social dynamism.
With the US poised to elect its 47th president in 10 days, Indian Finance Minister Nirmala Sitharaman arrived in New York on Monday, making her the fifth senior official from New Delhi to visit the US in just over two months.