Trump tightens Chinese investment in technology

Mr. Trump's move comes amid growing trade tensions and strategic competition between the US and China - the world's two largest economies .

US President Donald Trump - Photo: REUTERS

According to AFP news agency, on February 21, US President Donald Trump signed a memorandum calling for restrictions on Chinese investments in strategic areas such as technology and critical infrastructure.

The White House said the move was aimed at promoting foreign investment while protecting US national security interests, "particularly in the face of threats from foreign adversaries" like China.

The memo targets China, accusing it of "increasingly exploiting US capital to develop and modernize its military, intelligence, and other security apparatuses," according to the White House.

The memo calls for using the Committee on Foreign Investment in the United States (CFIUS) to restrict Chinese investments in key Washington sectors such as technology, critical infrastructure, health care and energy.

CFIUS is tasked with assessing the impact of foreign investments on US national security.

"President Trump is keeping his promise to prevent foreign adversaries from taking advantage of the United States," the White House stressed.

The memo comes after Mr Trump imposed an additional 10% tariff on all products imported from China earlier this month.

The US has accused China of involvement in the fentanyl trade, but Beijing has denied the allegations.

However, on February 19, President Trump suggested it was "possible" to reach a trade deal with China.

Source: https://tuoitre.vn/ong-trump-siet-dau-tu-cua-trung-quoc-vao-cong-nghe-20250222142756652.htm