Jun
24
U.S. Plans Curbs on Chinese Investment, Citing Security Risks
By-
Tough stance said to have reluctant support from Mnuchin
- Possible approach would be two-track CFIUS review process
The Treasury Department is planning to heighten scrutiny of Chinese investments in sensitive U.S. industries under an emergency law, putting Washington’s trade war with Beijing on a potentially irreversible course.
Under the plan, the White House would use one of the most significant legal measures available to declare China’s investment in U.S. companies involved in technologies such as new-energy vehicles, robotics and aerospace a threat to economic and national security, according to eight people familiar with the plans…
