Trump administration considering a crackdown on Chinese investments in technologies
|Bloomberg quoted "four people with knowledge of the proposal in the overnight trades, citing that the US President Trump's administration is considering banning Chinese investments in technologies the US deems sensitive by invoking a law reserved for national emergencies, among other options.
Key Details:
Treasury Department officials are working on plans to identify technology sectors in which Chinese companies would be banned from investing, such as semiconductors and so-called 5G wireless communications.
The investment curbs would be the latest step in President Donald Trump’s plan to punish China for what the U.S. sees as violations of American intellectual property rights.
The US Commerce Secretary Wilbur Ross said Tuesday in an interview on Fox Business Network, “There will be limitations on foreign investment”.
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