Truly delusional.
Earlier drafts sent at the end of last week specifically called out China’s “anti-competitive and harmful non-market policies and practices,” particularly in the area of more mature semiconductors. The newer draft omits any specific mention of China.
The US also wanted to call out China and Russia for “economic coercion.” The newest version mentions the problem but avoids calling out the two countries.
Some EU countries were also upset that language on outbound investment controls went further than that agreed at the Group of Seven summit earlier this month. The US saw the G-7 agreement as a floor to build upon, while for most in the EU it was a ceiling, the people said. The final text is in line with the G-7 wording.
Originally, the US and EU wrote they have an “interest in preventing the narrow set of technological advances that are assessed to be core to enhancing the military and intelligence capabilities of actors who may use these capabilities to undermine international peace and security, from being fueled by our companies’ capital, expertise, and knowledge.”
Earlier drafts sent at the end of last week specifically called out China’s “anti-competitive and harmful non-market policies and practices,” particularly in the area of more mature semiconductors. The newer draft omits any specific mention of China.
The US also wanted to call out China and Russia for “economic coercion.” The newest version mentions the problem but avoids calling out the two countries.
Some EU countries were also upset that language on outbound investment controls went further than that agreed at the Group of Seven summit earlier this month. The US saw the G-7 agreement as a floor to build upon, while for most in the EU it was a ceiling, the people said. The final text is in line with the G-7 wording.
Originally, the US and EU wrote they have an “interest in preventing the narrow set of technological advances that are assessed to be core to enhancing the military and intelligence capabilities of actors who may use these capabilities to undermine international peace and security, from being fueled by our companies’ capital, expertise, and knowledge.”
