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US Lawmakers Seek Tax Code Changes to Address Dependence on Chinese Technology

A rising number of US lawmakers are advocating for modifications to the tax code, aiming to reduce corporate reliance on Chinese technology due to national security concerns.

Editorial StaffJuly 2, 20261 MIN READ
US Lawmakers Seek Tax Code Changes to Address Dependence on Chinese Technology

In a growing movement, US lawmakers are pushing for alterations to the tax code as a means to lessen corporate America's dependence on technology from China.

These lawmakers are framing the economic ties with China as a potential national security risk, which has become a focal point in recent discussions.

Recent remarks from a congressman underscore the urgency of addressing these concerns, reflecting a broader sentiment among legislators regarding the implications of such reliance.