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Killing the budget bill let China off the hook (shared)

By Ilene
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A worker checks a display panel at a booth for Chinese supercomputer manufacturer Sugon in Shanghai on July 5, 2023. (Ng Han Guan/AP Photo)
Killing the budget bill let China off the hook
 

Donald Trump and Elon Musk derailed an effort to increase oversight of U.S. tech investments in China.

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When Elon Musk helped tank a 1,500-page budget bill last week by leading the charge against it on social media, he also derailed legislation that was meant to prevent U.S. companies from helping China win the technology race against America — the result of several months of painstaking negotiations. Now, supporters of that effort will have to start from scratch, with a new Congress and an unpredictable new president.

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