Day Trading Reports
  • Business
  • World News
  • Politics
  • Investing
  • Business
  • World News
  • Politics
  • Investing

Day Trading Reports

Politics

Trump tariff spike fuels new House bill to lock China out of US government tech

by admin April 11, 2025
April 11, 2025
Trump tariff spike fuels new House bill to lock China out of US government tech

A bipartisan duo of House lawmakers is moving to ensure the U.S. government is free from Chinese-made technology after President Donald Trump hiked tariffs against Beijing.

Rep. Pat Fallon, R-Texas, is leading the Securing America’s Federal Equipment (SAFE) Supply Chains Act alongside Rep. Ro Khanna, D-Calif.

It would impose new guardrails on the technology the U.S. government is able to purchase by forcing a federal agency or office to only purchase it from ‘original equipment manufacturers’ or ‘authorized resellers,’ according to the bill text obtained by Fox News Digital.

The bill targets U.S. government technology purchased through the ‘gray market,’ an alternative channel for purchasing and selling genuine goods without the authorization of the manufacturer.

Fallon said his bill ‘dovetails’ with Trump’s hawkish stance on China.

‘With the rising threat posed by Chinese aggression, not only in the Indo-Pacific, but here at home by means of artificial intelligence and cyberattacks, it’s critical that the Department of Defense secure its vital infrastructure,’ Fallon explained to Fox News Digital. 

‘In order to do so, we must ensure that the U.S. military only purchases electronic equipment from approved vendors that are free from adversarial, particularly [Chinese Communist Party], influence.’

He praised Trump’s ‘bold leadership’ in the U.S. ‘breaking its dependency on Communist China.’

‘The SAFE Supply Chains Act dovetails with this endeavor and is in the best interest of U.S. national security,’ he said.

The White House said Thursday it had imposed 145% in new tariffs on China, up from the 125% Trump announced the day before.

While hiking rates on China, Trump said he would reduce tariffs on other countries that did not retaliate against the U.S. to his baseline of 10%.

‘Look, for years we’ve been ripped off and taken advantage of by China — and others, in all fairness — but by China, there’s a big one. And it’s just one of those things,’ Trump said Wednesday.

Fallon’s bill has a counterpart in the Senate led by senators John Cornyn, R-Texas, and Gary Peters, D-Mich.

This post appeared first on FOX NEWS

previous post
Mexican drug lord convicted in killing of DEA agent Enrique ‘Kiki’ Camarena is freed
next post
In a first, Taiwan charges Chinese ship captain with damaging undersea cables

Related Posts

Conservatives explode at botched Epstein document rollout: ‘Complete...

March 1, 2025

White House celebrates ‘Star Wars Day’ with AI...

May 5, 2025

Epstein files debacle spurs new interest in contents...

March 1, 2025

Elon Musk outlines ‘super obvious’ changes DOGE and...

February 10, 2025

President Trump urged to confront Iranian regime over...

February 17, 2025

What’s next in the Russia, Ukraine ceasefire talks?

March 19, 2025

Trump, Putin agree to begin ceasefire negotiations in...

March 19, 2025

Marco Rubio to Chinese foreign minister: Trump will...

January 25, 2025

Vance says India-Pakistan conflict ‘none of our business’...

May 10, 2025

Trump considers tax hike on Americans making $2.5...

May 9, 2025

    Become a VIP member by signing up for our newsletter. Enjoy exclusive content, early access to sales, and special offers just for you! As a VIP, you'll receive personalized updates, loyalty rewards, and invitations to private events. Elevate your experience and join our exclusive community today!


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Editors’ Picks

    • 1

      Forum Energy Metals and Global Uranium Announce Exploration Update on Drill Targeting, Northwest Athabasca Project, Saskatchewan

      January 31, 2025
    • 2

      Mega M&A: Rio Tinto-Glencore Merger Sparks Chatter

      January 28, 2025
    • 3

      Excellent 90% recoveries at Cork Tree Well & Board Update

      February 17, 2025
    • 4

      Financial Agreement signed releasing $2M grant

      January 23, 2025
    • 5

      Netflix shares soar as company reports surging revenue, tops 300 million subscribers

      January 23, 2025
    • 6

      Cyclopharm Signs US Agreement with HCA Healthcare for Technegas®

      January 23, 2025
    • 7

      FDA officially authorizes Zyn nicotine pouches for sale following health review

      January 23, 2025
    • About us
    • Contacts
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: daytradingreports.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


    Copyright © 2025 daytradingreports.com | All Rights Reserved