• News Desk - Reuters

TRUMP REVIEW PANEL TO CURB CHINESE TECH INVESTMENTS


U.S. President Donald Trump said on Wednesday he will use a strengthened national security review panel process to deal with potential threats from Chinese acquisition of American technologies, instead of imposing China-specific restrictions. The Treasury Department has recommended that Trump use the Committee on Foreign Investment in the United States (CFIUS), whose authority would be enhanced by new legislation in Congress, to control transactions. The legislation expands the scope of deals reviewed by the interagency panel to address security concerns, Trump said.The decision marks a somewhat softer approach to curbing Chinese investments pushed by Treasury Secretary Steven Mnuchin, while other senior Trump advisers had argued for harsher, China-specific curbs invoking an emergency economic powers.

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#chineseinvestments #trumpreviewpanel #curbchineseinvestments #chinesetechinvestments #chinestech

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