// STATE OF THE UNION //
Competition and semiconductor industry among Biden’s top priorities
The US investment in infrastructure will put the country ‘on a path to win the economic competition of the 21st century that we face with the rest of the world, particularly China’, US President Joe Biden declared during his annual State of the Union address. The US’ ambitions to rely on home-grown supply chains was one of the top priorities in Biden’s speech.
President Biden mentioned two other digital policy priorities for the USA this year. The first is the country’s commitment to the new global digital tax regulations, negotiated by the OECD (the so-called Pillar Two of the new rules establishes a 15% minimum tax rate for multinationals.
The second is the need to focus on children’s well-being, including social media’s impact on their mental health. ‘We must hold social media platforms accountable for the national experiment they’re conducting on our children for profit,’ Biden said.
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