U.S. Plans to Curb Chinese Tech Investments, Citing Security
- Tough stance said to have reluctant support from Mnuchin
- Mnuchin says limits aimed at all countries stealing technology
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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.