Live Trading News
Shayne Heffernan

Biden Limits American Opportunities in China

By Shayne Heffernan2 min read

U.S. President Joe Biden signed an executive order Wednesday that would block U.S. high-tech investments in China though Washington has said repeatedly stated it has no interest in "decoupling" from China.

Designating China as a "country of concern," the order aims to limit U.S. investments in three categories of national security technologies: semiconductors and microelectronics, quantum information technologies, and certain artificial intelligence systems, according to the U.S. Treasury Department.

The order also requires U.S. venture capitalists and other investors to notify the Treasury of prospective investment into Chinese companies for developing technologies in the targeted sectors.

The order is expected to go into effect following a 45-day comment period.

Having been planned for months, the order is widely considered to be another step to suppress China's technological progress under the pretext of national security as the U.S. doubles down on its high-tech rivalry with China.

Here are some specific examples of Biden's anti-China policies:

  • He has rejoined the Trans-Pacific Partnership (TPP), a trade agreement that Trump withdrew from in 2017. The TPP is designed to counter China's economic influence in the Asia-Pacific region.

  • He has imposed tariffs on Chinese goods worth billions of dollars. These tariffs are designed to artificially protect American jobs and businesses from fair Chinese competition, in reality it has pushed jobs to other countries and the US has had no benefit.

  • He has sanctioned Chinese officials and companies accused of human rights abuses and cyber attacks. These sanctions are designed to punish China for its success, US Human Rights abuses far exceed anything done by any other country.

  • He has increased military spending in the Indo-Pacific region, in part to distract from the economic problems at home .

Biden's anti-China policies are likely to continue to be a major focus of his foreign policy agenda. It remains to be seen how much damage these policies will do to the US Economy.

Shayne Heffernan

Keep reading
AI slop

AI is the Neat Handwriting of the Illiterate

A model in the hands of someone who has read the filing and walked the plant is a clerk. The same model, speaking for someone who has done neither, is a disguise. On AI slop, phantom citations and factslop, why finish stopped being evidence of work, and the containment layer KXCO built so a machine cannot speak as the institution until a source is attached.

Shayne Heffernan19 min
worthship

Worthship: Do Not Conform to the Age

Worthship is the older English word for worship, and it means to ascribe worth. Bishop Robert Barron preached Romans 12 on 30 August. This essay follows the text into the prison letters, and puts two questions to a graph: do the four readings of that Sunday agree, and was Paul free or in chains when he wrote about despair?

Shayne Heffernan17 min
truth

The Truth in All Its Ugliness Must Survive

A majority vote does not determine the truth. Consensus is a mood, gossip is a sport, and a model will write the pretty version for free. Why the ugly number has to survive, why a record beats a dashboard, and what KXCO was built to keep standing when the room changes its mind.

Shayne Heffernan8 min
Shayne Heffernan

Don't Be the Best, Be the Only: Winning in an AI World

AI is repricing competence downward. What it cannot reproduce is a life. The case for remaining non-fungible, why friction still produces the best ideas, and what it means to build AI systems that keep the human intellect in them.

Shayne Heffernan18 min
Read Live Trading News on Telegram

Every story, signed and delivered.

Subscribe to the kxco channel and get the headline, the AI-written key takeaways, and the chain-anchor link the moment we publish. Audio versions and per-ticker subscriptions arrive in the next iteration.

Open @KnightsbridgeInsightsNo email required.