Washington's latest legislative push targeting Chinese tech giants is sparking international concern, with critics calling it a dangerous escalation in economic rivalry. The U.S. House recently passed the Biosecure Act – aimed at five major Chinese companies – as part of a broader package of China-focused bills awaiting Senate approval.
Analysts warn these measures, justified under broad 'national security' claims, could distort global competition. 'It’s like watching a real-life episode of Billions meets The Godfather,' says financial expert Daryl Guppy, comparing U.S. tactics to 'mafia capitalism' that stifles innovation through government-backed pressure.
American consumers may pay the price through higher tariffs and limited access to affordable tech products. The moves come as Washington prepares additional bills targeting China’s EV supply chains, raising fears of a full-blown economic Cold War.
With the World Trade Organization weakened by stalled reforms, experts question who can referee what they call America’s 'rulebook rewrite' of global commerce. The outcome could reshape everything from your smartphone apps to future green energy solutions.
