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Trump to use U.S. security review panel to curb China tech investments

“U.S. President Donald Trump said on Wednesday he will use a strengthened national security review process to thwart Chinese acquisitions of sensitive American technologies, a softer approach than imposing China-specific investment restrictions. The decision marks a victory for Treasury Secretary Steven Mnuchin in a fierce White House debate over the scope of such curbs. Mnuchin had favored a more measured and global approach to protecting U.S. technology, using authority approved by Congress, while White House trade adviser Peter Navarro, the administration’s harshest China critic, had argued for China-specific restrictions using an emergency sanctions law.”

Source: Trump to use U.S. security review panel to curb China tech investments | Reuters

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