00:00China has been the major economic competitor to the United States for a while,
00:04especially with regards to the production of essential computer parts.
00:08Now, in an effort to slow Beijing's ability to advance their technology outputs,
00:12it could have military and intelligence implications.
00:15President Biden has announced new limits on investiture into the Chinese tech sector.
00:19There's a law that was passed in the 30s.
00:22It says, any money that Congress sends me to spend, I can insist that it all be spent on American
00:32products with American workers.
00:34No president's paid much attention to that in either party.
00:38But guess what? I'm paying attention.
00:40I mean this in the bottom line. We decided we're going to invest in America.
00:44He goes on to add that the U.S. used to have the best infrastructure in the world as well.
00:48But now we have the 13th best.
00:50Meanwhile, China used to be number eight in infrastructure, and they've since climbed to number two.
00:55Biden then recounts the last 15 years of U.S. companies moving their business overseas
01:00for cheaper labor and manufacturing costs, something that negatively affected Americans.
01:05Shutting down factories all across America, all across America.
01:09And I ask myself, why do we have to put up with that?
01:12Instead of exporting American jobs, we're creating American jobs and we're exporting American products.
01:18This all comes on the heels of a military weapons package to Taiwan, which was just announced by the U
01:24.S.
01:24A move representatives for Beijing say is, quote,
01:27turning Taiwan into a powder keg and ammunition depot, aggravating the threat of war in the Taiwan Strait.
