Trump’s latest decision may help ease the trade dispute with China.

Release date:

2018-06-28

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Steel Pipe Knowledge

On June 27, the Business Insider website reported that U.S. President Trump announced on Wednesday details of a plan to restrict Chinese investment in American technology companies, including an expansion of the powers of the Committee on Foreign Investment in the United States (CFIUS)—a move considerably more moderate than previously anticipated. The report noted that both the House and Senate are considering the “Foreign Investment Risk Review Modernization Act.”

On June 27, the Business Insider reported that U.S. President Donald Trump on Wednesday unveiled details of a plan to restrict Chinese investment in American technology companies, including an expansion of the powers of the Committee on Foreign Investment in the United States (CFIUS)—a move considerably more moderate than previously anticipated. According to the report, the specific provisions of the Foreign Investment Risk Review Modernization Act (FIRRMA) still require final coordination between the Senate and the House, but both versions would strengthen CFIUS’s authority to review foreign investments in critical technologies. In addition, the Senate’s version of FIRRMA introduces a stricter review process for investments originating from China, South Korea, Iran, Russia, Venezuela, and other countries.

The report comments that, by expanding CFIUS’s authority to curb Chinese investment, Trump appears to be slightly easing trade tensions between the United States and China.

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