The US is set to increase restrictions on China as the decoupling between the two nations intensifies, highlighted by a unanimous vote to advance a bill that could lead to a TikTok ban unless ByteDance divests its stake. This move is part of broader US efforts to curb Chinese influence in key sectors like semiconductors, electric vehicles, and biotech. Experts warn of a significant shift in US-China relations, with potential impacts on global markets and industries. The US’s concerns extend to the auto industry, with fears that China could dominate the electric vehicle market and pose national security risks through data collection.
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