Why Australia could follow US on China tech ban
Canberra has an opportunity to adopt investment restrictions on China that are similar to the latest White House moves, to ensure national security.
Washington | The Biden administration is ratcheting up efforts to decouple from China with increased investment restrictions and tariffs, and experts say ally Australia has a case to follow suit on national security grounds.
US imports from China are down 24 per cent in the first five months of this year, leaving Mexico as America’s largest trading partner, and reducing US companies’ dependence on Chinese suppliers.
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