New York City
Friday, July 26, 2024
“THE CEO PUBLICATION owns both theceopublication.com and theceopublications.com websites"

Publication

The tech sector is experiencing more 'disruptive' policies if Republicans take control of Congress

The tech sector is experiencing more 'disruptive' policies if Republicans take control of Congress

November 11, 2022: -According to an analyst, the U.S. midterm elections are leading to “disruptive changes” in U.S. tech policies if the Republicans take control of Congress.

Though Republican and Democratic candidates are pledging a strict approach to China to win voters who see China as national and job security, the Republicans are mostly to take a more hawkish stance.

“What the Republicans and Democrats are fully aligned on is a tough approach to China. One area where they are less aligned is getting multilateral partners to agree,” said Martin Chorzempa, a senior fellow at Peterson Institute for International Economics, on Wednesday, when asked about the reach the outcome of the midterm might affect U.S.-China relating.

“A lot of Republicans think it is a waste of time. They may want to go with it alone. Still, that creates is making with the U.S. allies and might lead to more dislocation, disruptive changes in the tech policies,” said Chorzempa, citing “techno-nationalism” as a hot-button issue.

Last month, the U.S. announced exporting controls to restrict China’s access to specific types of cutting-edge semiconductor chips, which crimps Chinese companies’ access to crucial tech.

Companies require a license if they use American tools to give certainly advance in commuting semiconductors or related manufacturing equipment to China.

One of the significant challenges that the tech sector experiences are the friction between the U.S. and China, which “pulls companies in different directions and potentially fractures the global Internet, a multinational company that wants to do business in the U.S. and China,” Chorzempa stated.

Get The Latest Updates

Subscribe To Our Weekly Newsletter

No spam, notifications only about new products, updates.

Most Popular

Receive the latest news

Request for online magazine

Join Us

Advertise with us

meteroid vecrtor
Receive the latest news

Contact Us