September 21, 2024
Biden Finalizes China Measures as He Hosts His Final Quad Summit
Source: BNN Bloomberg
Journalists: Jenny Leonard, Josh Wingrove
Biden’s team also warned Beijing not to finance Russian entities’ transactions to aid Vladimir Putin’s war machine, and the president signed an executive order that would allow him to impose secondary sanctions on such institutions – though he has yet to make use of those powers.
“There’s a kind of a symphony of things they’ve been trying to do — they’re interlocking pieces, and trying to make sure all of the pieces fit right,” said Jacob Stokes, senior fellow at the Center for a New American Security and former Biden adviser. “It’s tying the bows.”
The US also is moving toward restricting certain Chinese vehicles from its roads entirely and firming an updated agreement with Japan and the Netherlands — two major suppliers of semiconductor manufacturing equipment — to further curb exports to China.
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