White House: Against Limits on Chinese Lnvestment

The Trump administration has decided against imposing outright limits on Chinese investment in the United States.

Instead, it will rely on Congress to strengthen an existing government body that evaluates individual corporate deals for national security risks, senior administration officials told reporters early Wednesday.The decision is a more moderate approach as President Donald Trump tries to balance his desire to crack down on “unfair” Chinese trade practices without hurting US economic growth.

Tech stocks declined sharply earlier this week when news reports suggested Trump would choose broad limits on Chinese investment.The United States has long accused China of stealing trade secrets. In March, Trump directed Treasury Secretary Steven Mnuchin to consider restrictions that would address concerns about Chinese investment;

“in industries or technologies deemed important to the United States.”

Read more

Related Posts

Leave A Comment