WASHINGTON–President Donald Trump signed a memorandum on Friday addressing national security threats related to Chinese investments in the United States.
According to a fact sheet shared by a White House official, the memorandum aims to curb the exploitation of U.S. capital, technology, and know-how by China and other foreign adversaries.
The National Security Presidential Memorandum (NSPM) introduces several measures aimed at bolstering the Committee on Foreign Investment in the United States (CFIUS), an interagency committee that reviews the national security implications of foreign acquisitions.
The memorandum outlines that CFIUS will be used to limit Chinese investments in critical U.S. sectors such as technology, critical infrastructure, health care, agriculture, energy, and raw materials.
“The United States will establish new rules to curb the exploitation of its capital, technology, and knowledge by foreign adversaries such as China to ensure that only those investments that serve American interests are allowed,” according to the fact sheet. […]
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