Trump chooses moderate approach to cracking down on Chinese investment in U.S. technologies

Trump chooses moderate approach to cracking down on Chinese investment in U.S. technologies

6 years ago
Anonymous $cyhBy-qkd5

http://www.washingtontimes.com/news/2018/jun/27/trump-chooses-moderate-approach-cracking-down-chin/

The White House said Wednesday that President Trump has settled on legislation moving through Congress as the best option to crack down on Chinese investment in sensitive U.S. technologies, a moderate approach that could ease trade tensions with Beijing.

Senior administration officials said Mr. Trump has endorsed legislation to expand the authority of the Committee on Foreign Investment in the United States, or CFIUS, which reviews investments for security threats. The measure passed the House Wednesday by a vote of 400-2 and is heading to conference committee.

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