'It's a Little Late,' Lawmaker Says of Biden's Executive Order on US Investments in Chinese Technology

"China has been stealing our technology for decades," says Green, chairman of the House Homeland Security Committee. When it comes to China and companies doing business in China or with China, and we think about the country's aggression toward Taiwan, their role in the COVID-19 pandemic, the fentanyl crisis, horrendous human rights abuses, the threats posed by TikTok, have we seen the same sort of mentality toward doing business with China, in China that we saw after Russia's invasion into Ukraine? Once you hit a deflationary cycle, it's really bad. But what that means for America is we're in an inflation cycle, so people are going to be incentivized to buy from China as prices fall in China. Green: Yeah, that's the bill I mentioned where we would expense a move of any U.S. business manufacturing in China. Green: It's shocking, isn't it, to think of these individuals tied to the Chinese Communist Party, because every business in China is tied to the Chinese Communist Party, manufacturing, dealing with potentially epidemic causing substances. So what we did is we limited federal support for movies and for movie companies that allow China to have edit rights to the movies, the businesses that want to make money in China. There's an old Sun Tzu saying that says, "Make an ally afar to take on an enemy who's near." And the United States in the South Pacific is considered an enemy to those guys, and so they are befriending people all over the World, the Belt and Road Initiative, to basically take us on and block us out of the South China Sea.