Young Journalists Club | Latest news of Iran and world

News ID: 25084
Publish Date: 17:46 - 27 June 2018
TEHRAN, June 27 - US President Donald Trump is shifting away from a previously announced plan to impose limits on Chinese investment in American technology companies and high-tech exports to China. Instead, the president is calling on Congress to enhance an existing review process.

Trump backs off imposing China investment limitsTEHRAN, Young Journalists Club (YJC) - Senior administration officials disclosed the plans Wednesday. They said they have been working with Congress to pass a bill that will provide "enhancements" to the foreign investment reviews under the Committee on Foreign Investment in the United States.

Trump says in a statement Wednesday that "such legislation will provide additional tools to combat the predatory investment practices that threaten our critical technology leadership, national security, and future economic prosperity."

Trump on Tuesday pushed back on recent reports that the U.S. was preparing the investment restrictions.

Source: AP

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