Trump's latest decision may ease the trade dispute with China
- Categories:Steel pipe knowledge
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- Time of issue:2018-06-28
- Views:4
(Summary description)The "Business Insider" website reported on June 27 that US President Trump announced on Wednesday the details of the plan to restrict Chinese investment in US technology companies, including expanding the authority of the US Foreign Investment Commission (CFIUS), which is more than previously expected The measures are much milder. The report said that the specific contents of the Foreign Investment Risk Review Modernization Act (FIRRMA) of the Senate and the House of Representatives still need to be finally coordinated, but both versions will strengthen CFIUS's review authority for foreign investment in key technologies. In addition, the senator ’s version of FIRRMA includes a stricter review process for investments from countries such as China, South Korea, Iran, Russia, and Venezuela.
Trump's latest decision may ease the trade dispute with China
(Summary description)The "Business Insider" website reported on June 27 that US President Trump announced on Wednesday the details of the plan to restrict Chinese investment in US technology companies, including expanding the authority of the US Foreign Investment Commission (CFIUS), which is more than previously expected The measures are much milder. The report said that the specific contents of the Foreign Investment Risk Review Modernization Act (FIRRMA) of the Senate and the House of Representatives still need to be finally coordinated, but both versions will strengthen CFIUS's review authority for foreign investment in key technologies. In addition, the senator ’s version of FIRRMA includes a stricter review process for investments from countries such as China, South Korea, Iran, Russia, and Venezuela.
- Categories:Steel pipe knowledge
- Author:
- Origin:
- Time of issue:2018-06-28
- Views:4
The "Business Insider" website reported on June 27 that US President Trump announced on Wednesday the details of the plan to restrict Chinese investment in US technology companies, including expanding the authority of the US Foreign Investment Commission (CFIUS), which is more than previously expected The measures are much milder. The report said that the specific contents of the Foreign Investment Risk Review Modernization Act (FIRRMA) of the Senate and the House of Representatives still need to be finally coordinated, but both versions will strengthen CFIUS's review authority for foreign investment in key technologies. In addition, the senator ’s version of FIRRMA includes a stricter review process for investments from countries such as China, South Korea, Iran, Russia, and Venezuela.
The report commented that by expanding CFIUS authority to limit Chinese investment, Trump seems to be slightly easing trade tensions between China and the United States.
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