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Trump, Treasury block China investment in US tech companies - Business Insider
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More coming to protect US Companies and protect the Tech lead the US presently has.The new possible restrictions would be created using the 1977 International Emergency Economic Powers Act, according to Bloomberg. The administration would place limits under the assumption that Chinese investment in these businesses would constitute an economic threat to US national security, with a focus on emerging tech like 5G networks and semiconductors.
The reasoning would be similar to the Trump administration's justification for blocking semiconductor Broadcomm's takeover of rival Qualcomm earlier in March.
The Treasury Department is also mulling other steps, according to the report. Among the possible crackdowns is a "reciprocal" restriction in response to China's protections of some industries.
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