The White House may introduce new measures this week to make it harder for China to import to, and invest in, the US.
The news: The Wall Street Journal says America will introduce “tariffs on imports [aimed at China] worth at least $30 billion” tomorrow. It may also propose “possible investment restrictions” on Chinese firms looking to acquire stakes in US companies.
Backstory: Rumors have swirled that Trump will extend tariffs to new goods, including consumer electronics. And since the US government nixed several high-profile tech buyouts over national security concerns—including Broadcom’s bid for Qualcomm—lawmakers have reportedly been mulling how best to clamp down on Chinese acquisitions of US firms.
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