Trump, Congress must fix the national emergency that Biden declared  ...Middle East

President Biden’s Aug. 9, 2023 executive order declared that China's pursuit of “the world’s cutting-edge technologies” to be a national emergency. The Chinese Communist Party is developing technologies in civilian, commercial settings and then applying them for military purposes to "threaten the national security of the United States," the order warned. Regrettably, this national emergency has been financed by American capital and advanced by American know-how.   Biden’s order resulted in the Treasury Department’s new outbound investment rules, issued Oct. 28, 2024. And although Biden deserves credit for defining the emergency, Treasury’s response is the equivalent of putting a ba

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