Business Standard

Strong security panel can protect US tech corps from China, says Trump

Trump, in remarks to reporters at the White House, said the approach would target all countries, not just China

trump, china, trade war
Premium

Reuters
President Donald Trump on Tuesday endorsed US Treasury Secretary Steven Mnuchin's measured approach to restricting Chinese investments in US technology companies, saying a strengthened merger security review committee could protect sensitive American technologies.
 
Trump, in remarks to reporters at the White House, said the approach would target all countries, not just China, echoing comments from Mnuchin on Monday amid a fierce internal debate over the scope of investment restrictions due to be unveiled on Friday.
 
"It's not just Chinese' investment, Trump told reporters when asked about the administration's plans.
 
Mnuchin and White House trade adviser Peter Navarro sent mixed signals on Monday about the

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in