Trump is reportedly preparing new ways to block China’s interest in American tech
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.
Why it matters: The Journal says the Trump administration sees Chinese investments in US tech as a means through which the nation acquires intellectual property—to use for defense applications, or to edge forward as a tech power. The new measures would be intended to curb that practice. But as Gadfly has noted, they could harm the success of US tech firms, as well as heightening already-tense international relations.