The U.S. is seeking to manage its competition with China and work together where possible, not halt trade between the two countries, a top adviser to President Joe Biden said Thursday.
As Biden looks set to sign a much-anticipated executive order in the coming weeks that would limit some U.S. investments in certain high-tech sectors in China, National Security Adviser Jake Sullivan said in a Washington speech that U.S. export controls will remain focused on technology that “could tilt the military balance.”
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“We’re simply ensuring that U.S. and allied technology is not used against us,” he said. “We are not cutting off trade.”
Analysts say the goal of the forthcoming order would be to address national-security worries posed by U.S. companies’ investments in countries including China.
Sullivan gave no timetable for when investment restrictions are coming, saying only, “We’ll see.”
“We are competing with China on multiple dimensions, but we are not looking for confrontation or conflict,” Sullivan said. “We’re looking to manage competition responsibly and seeking to work together with China where we can,” citing areas like climate, health and food security.