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Biden expands Trump order by banning U.S. investment in Chinese companies linked to the military or surveillance technology

Biden expands Trump order by banning U.S. investment in Chinese companies linked to the military or surveillance technology
Jeanne Whalen, Ellen Nakashima
© Andy Wong/AP
Surveillance cameras are mounted on a lamp post near the large portrait of Chinese leader Mao Zedong at the Tiananmen Gate in Beijing, Friday, March 15, 2019. (AP Photo/Andy Wong)
The Biden administration is expanding a Trump-era order that banned U.S. investment in Chinese companies that 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 released Thursday broadens prohibitions that Donald Trump’s 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. ....

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Biden blocks 59 Chinese companies including Huawei in amended Trump order

Read more about Biden blocks 59 Chinese companies including Huawei in amended Trump order on Business Standard. Biden s position on Trump s order has been closely watched by Wall Street and Capitol Hill. ....

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stripes - Biden expands Trump order by banning U.S. investment in Chinese companies linked to the military or surveillance technology

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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Biden blocks 59 Chinese companies in amended Trump order - The Hindu BusinessLine

Ban on new investments to become effective from August 2; investors will have one year to divest ....

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Biden Blocks 59 Chinese Companies in Amended Trump Orde...

The ban on new investments will take effect Aug. 2 at 12:01 a.m. in New York, according to administration officials who briefed reporters on condition of anonymity. Investors will have one year to fully divest.
Biden’s order is largely a continuation of a policy issued by former President Donald Trump that was challenged in court and confused investors over the extent of its reach to subsidiaries of blocked companies. Biden’s position on Trump’s order has been closely watched by Wall Street and Capitol Hill, where lawmakers from both parties have called for a strong stance against China over issues ranging from trade to human rights. ....

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