Trump May Block Chinese Investments in US Tech Firms
Sources have revealed last Sunday that the Trump administration may move to block China from investing in US tech firms, as well as other tech exports to the country.
The move, which will be announced later this week, is said to be a countermeasure against “Made in China 2025” which is Beijing’s initiative to promote China as a global tech leader. The Treasury Department is reportedly in the process of drafting rules that will block companies that are at least 25% Chinese-owned from industrially significant technology.
The National Security Council and the Commerce Department are also planning to restrict the export of such technology, according to a report of the Wall Street Journal.