stripes - Biden expands Trump order by banning U S investment in Chinese companies linked to the military or surveillance technology stripes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from stripes.com Daily Mail and Mail on Sunday newspapers.
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WASHINGTON The Biden administration is expanding a Trump-era order that banned U.S. investment in Chinese companies that it said support China s military to include those selling surveillance technology, calling the entities a threat to U.S. interests and values.
A new executive order Thursday broadens prohibitions that the Trump administration enacted and moves authority for the ban to the Treasury Department, from the Defense Department, to give it stronger legal grounding, senior administration officials said. They spoke on the condition of anonymity to preview the order before its release.
The new order prevents U.S. investment from supporting the Chinese defense sector, while also expanding the U.S. government s ability to address the threat of Chinese surveillance technology firms that contribute both inside and outside China to the surveillance of religious or ethnic minorities or otherwise facilitate repression and serious human rights abuses, the administra
Biden expands Trump-era ban on investments in Chinese companies pressherald.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from pressherald.com Daily Mail and Mail on Sunday newspapers.