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Senate Majority Leader Chuck Schumer (D-N.Y.) is forcing Republicans into a corner as he tries to pass his China-focused global competition bill.Why it matters: It's important by itself but also seen by the left as a test for whether Democrats can work with the GOP on anything. If it fails to gain support, it would likely endanger future bipartisan efforts — including infrastructure talks — for the remainder of the 117th Congress.Stay on top of the latest market trends and economic insights with Axios Markets. Subscribe for freeDetails: Schumer strategically mapped out a plan for the bill that would box in the rival party. The foundation of the U.S. Innovation and Competition Act is a bipartisan proposal from Schumer and Republican Sen. Todd Young of Indiana.The legislation is expected to focus on manufacturing, technology, 5G, supply chains and semiconductors — all concerns for both parties.In February, Schumer asked both Democratic committee chairs and their ....
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