President Biden targets China as he touts manufacturing revival at home

News Snapshot:

President Joe Biden on Wednesday moved to restrict US investment in Chinese technology during a multi-state tour of the Southwest to tout his push to revive American manufacturing after decades of decline. The executive order directs the Treasury Department to restrict certain US investments in China in sensitive high-tech sectors including semiconductors, quantum computing and artificial intelligence (AI). The restrictions, which are expected to take effect next year, come as Biden’s administration looks to bolster its position vis-a-vis China on a multitude of fronts: military, economic and technological. They also come as the 80-year-old Democrat revs up his pitch for...