The U.S. Treasury wants expanded restrictions on high-tech investments to these ‘countries of concern’

Treasury Department proposed a rule Thursday to crack down on American high-tech investments such as supercomputing and artificial intelligence in China , Russia , North Korea and other “countries of concern.” The U.S. government has been working for years to deny China and other adversaries investments that could help them boost their military power . That program began in 2023 when then-President Joe Biden signed an executive order putting restrictions on outbound U.S.