Trump Backs Softer Restrictions on Chinese Investment
ByWASHINGTON — The Trump administration has backed off a plan to impose aggressive new restrictions on Chinese investment in the United States, opting instead to support a congressional effort that would expand the types of foreign deals that are subject to review.
President Trump said Wednesday that he supported a bipartisan push in Congress to broaden the authority of a government body that reviews foreign investments for security threats. The legislation would give the United States power to squelch a wider variety of investments from China, including minority stakes in American firms, joint ventures, and real estate transactions near military bases or other national security facilities…