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US House to vote to provide $3 billion to remove Chinese telecoms equipment

www.reuters.com /world/us/us-house-vote-provide-3-billion-remove-chinese-telecoms-equipment-2024-12-08/
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US House to vote to provide $3 billion to remove Chinese telecoms equipment

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  • Creative destruction. We subsidized telecomm infrastructure and now we're going to tear it out and re-subsidize it

    • I can't comment on the US-internal dimension of this initiative, but in a more generalized sense there is some logic to this approach.