Deals
U.S. Weighs Use of Emergency Law to Curb Chinese Takeovers
- Goal is to clamp down on acquisitions of sensitive technology
- Trump asked Treasury secretary to act on Chinese investments
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The Trump administration is considering a crackdown on Chinese investments in technologies the U.S. deems sensitive by invoking a law reserved for national emergencies, among other options, according to people familiar with the matter.
Treasury Department officials are working on plans to identify technology sectors in which Chinese companies would be banned from investing, such as semiconductors and so-called 5G wireless communications, according to four people with knowledge of the proposal, who spoke on the condition of anonymity.