US-China tensions: Biden signs executive order expanding Trump-era ban on investments in some Chinese companies CNN 1 hr ago © Getty Images
President Joe Biden has expanded a Trump-era ban on American investment in dozens of Chinese firms that Washington believes are linked to China s military.
Biden signed an executive order Thursday that prohibits Americans from owning or trading any securities tied to 59 companies, citing the threat of Chinese surveillance technology. The original order, signed by former President Donald Trump in November, applied to 31 Chinese companies that the administration said enable the development and modernization of China s military and directly threaten US security.
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