WASHINGTON, Oct 24 (Reuters) - Republican lawmakers have
been praising a preliminary plan under consideration by
President Donald Trump's administration to curb exports to China
of a dizzying array of globally produced technology powered by
U.S. software, as first reported by Reuters.
Treasury Secretary Scott Bessent confirmed the proposal
which, if implemented, could hit global shipments to China of
everything from laptops to jet engines, cars and industrial
pumps, as part of a bid to retaliate against Beijing's latest
round of rare earth export restrictions.
"President Trump's strong moves to secure our nation's
supply chains, safeguard our software, and protect the American
people are all critical steps to countering China's predatory
actions targeting the U.S. economy this month," Republican
Congressman John Moolenaar, who chairs the House Select
Committee on China, said in a statement to Reuters when asked
about the proposed measure.
The policy, if it moves forward, would make good on Trump's
threat in a social media post this month to bar "critical
software" exports to China by restricting global shipments of
items that contain U.S. software or were produced using U.S.
software. Trump's post came a day after Beijing dramatically
expanded its export controls on rare earth elements, key inputs
for U.S. automakers and other tech industries that are largely
controlled by China.
"I will confirm that everything is on the table," U.S.
Treasury Secretary Scott Bessent told reporters at the White
House Wednesday when asked about software curbs on China. "If
these export controls - whether it's software, engines or other
things - happen, it will likely be in coordination with our G7
allies."
Republican Senator Rick Scott echoed Moolenaar's praise,
saying he fully supports "the Trump administration's bold
actions to hold Communist China accountable and restrict its
access to American technology, software, or intellectual
property that would undoubtedly be used against us. This is a
huge step in protecting American innovation, jobs, and our
national security," he added.