FILE PHOTO: U.S. President Donald Trump says a few words about Secretary of State Mike Pompeo, during Pompeo's swearing-in ceremony, at the Department of State in Washington, U.S., May 2, 2018. REUTERS/Leah Millis
WASHINGTON (Reuters) - U.S. President Donald Trump said on Wednesday he will use a strengthened security review process to deal with threats from Chinese investments to acquire U.S. technologies instead of imposing China-specific restrictions.
The Treasury Department has recommended that Trump use the Committee on Foreign Investment in the United States (CFIUS), whose authority would be enhanced by new legislation in Congress, to control transactions. The legislation expands the scope of deals reviewed by the interagency panel to effectively address national security concerns.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
