US lawmakers push for fewer tax breaks to reduce reliance on China technology

US lawmakers are exploring the use of the tax code to reduce American businesses' reliance on Chinese technology, viewing economic ties with China as a national security risk. Representative Nathaniel Moran stated at a Hudson Institute event that businesses should recognize China as an "adversary" and are currently in a "toxic relationship" with Beijing. Lawmakers are considering denying specific tax incentives to discourage companies from depending on technology from foreign adversaries. This initiative aims to shift corporate America away from Chinese technological dependencies.