As Washington gears up to impose even stricter trade restrictions on China, American businesses with operations in the region are bracing for further economic turbulence. Regardless of the upcoming November presidential election, companies are preparing for tougher times ahead, as the U.S. government looks to expand limits on critical sectors like cloud computing, military end-use technology, and biotechnology under the Biosecure Act.
These escalating restrictions, part of a broader effort to curb China’s military and technological growth, are leaving U.S. companies scrambling to adapt, with many fearing long-term impacts on their profitability and global competitiveness.
