President Biden speaks at a Cabinet meeting in June alongside Treasury Secretary Janet Yellen and Commerce Secretary Gina Raimondo. Photo: Kevin Dietsch/Getty Images
The controls also will limit the export of equipment used to produce advanced semiconductors, bringing the U.S. into line with regulations imposed by Japan and the Netherlands.The Biden administration is trying to walk a fine line in its approach to China, asserting its right to take action on matters of national security while insisting that it doesn't want to harm China's economy.
They also were trying to repair relations after the Chinese floated a spy balloon across the United States and President Biden
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