The Trump administration has scrapped plans to blacklist Chinese tech giants Alibaba, Tencent and Baidu, four people familiar with the matter said, providing a brief reprieve to Beijing's top corporates amid a broader crackdown by Washington.
Senior officials in the administration had been considering plans to add the firms to a list of alleged Chinese military companies, which would have subjected them to a new US investment ban.
But Treasury Secretary Steven Mnuchin, who is widely seen as taking a more dovish stance on China, pushed back, freezing the plans, the people said. Even so, the Trump administration plans to move