U.S. competitiveness bill to eventually hurt its own interests: Philippine researcher

STORY: U.S. competitiveness bill to eventually hurt its own interests: Philippine researcher DATELINE: June 14, 2022 LENGTH: 0:01:55 LOCATION: Manila CATEGORY: POLITICS SHOTLIST: 1 various of the White House 2 various of street views in the U.S. 3 SOUNDBITE (English): ANNA MALINDOG-UY, Researcher, Philippine-BRICS Strategic Studies STORYLINE: Earlier this year, the U.S. House of Representatives passed the "America COMPETES Act of 2022." The "industrial" act specifically allocates 500 million U.S. dollars for media outlets to smear China. This bill echoes the U.S. Innovation and Competition Act of 2021, another hawkish bill against China passed by the U.S. Senate in June last year, which authorized 300 million dollars to be appropriated for each fiscal year through 2026 to counter China's influence globally. A Philippine researcher says it is just another U.S. move to further contain China and would eventually hurt its own interests as well as consumers across the world. SOUNDBITE (English): ANNA MALINDO