The White House is restricting certain investment in cutting-edge tech to make sure it keeps its military advantage.
President Biden signed an executive order Wednesday to protect the military edge the U.S. can gain from advanced new technologies, warning that countries like China are always looking for ways to keep up.
The order directs the Department of the Treasury to set up a program that will track or prohibit certain investment in foreign countries, as it relates to certain high-security technologies and products. "One of the things that we have made clear to [China] repeatedly in all of our engagements with them is that we will continue to say things and we will continue to do things — taking policy actions that they object to," said State Department Spokesperson Matthew Miller."But we will do that because we believe it is in the national security interest of the United States."
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