President Trump is planning "New Curbs on Chinese Investment, Tech Exports to China" according to the report in the WSJ
- plans … barring many Chinese companies from investing in U.S. technology firms
- and by blocking additional technology exports to Beijing
Journal citing "people familiar with administration plans"
Initiatives set to be announced by the end of the week
- … designed to prevent Beijing from moving ahead with plans outlined in its "Made in China 2025" report to become a global leader in 10 broad areas of technology, including information technology, aerospace, electric vehicles and biotechnology.
- National Security Council and the Commerce Department are putting together plans for "enhanced" export controls, designed to keep such technologies from being shipped to China
Earlier we got this from the prez:
Article is here, may be gated: Trump Plans New Curbs on Chinese Investment, Tech Exports to China
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ps. I haven't seen any reference to this on the wires yet (except for Dow Jones, of course), its just out. If it does hit the terminals be aware its not a likely a positive for 'risk', K? It indicates another ratcheting higher in trade tensions.
