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06-26-2018, 07:24 AM
US will block Chinese firms from acquiring American tech companies
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Trump really wants to sabotage China's plans (https://www.csis.org/analysis/made-china-2025) to become a high-tech power house.
The U.S. Treasury Department will block firms with 25 percent or more Chinese ownership from acquiring U.S. companies with "industrially significant technology," a government official told Reuters (https://www.reuters.com/article/us-usa-trade-china-investment/u-s-plans-limits-on-chinese-investment-in-u-s-technology-firms-idUSKBN1JL03L).*
The new policy is the U.S.' latest economic aggression toward China, following military restrictions (https://mashable.com/2018/06/19/senate-rejects-trump-zte-deal/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial) on contracts with Chinese technology companies. Additionally, President Trump's tariffs on $34 billion of Chinese goods will go into effect on July 6. The tariffs mostly target (http://www.businessinsider.com/trump-china-tariff-full-list-of-goods-products-2018-6) technology and manufacturing products.
SEE ALSO: Sorry, Apple and Samsung — the best smartphone innovation is happening in China right now (https://mashable.com/2018/06/01/smartphone-innovation-china/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial) Read more... (https://mashable.com/2018/06/25/us-blocks-chinese-tech-acquisition/)
More about China (https://mashable.com/category/china/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), Trump (https://mashable.com/category/trump/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), Trade (https://mashable.com/category/trade/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), Tech (https://mashable.com/tech/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), and Cybersecurity (https://mashable.com/category/cybersecurity/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial)https://pubads.g.doubleclick.net/gampad/ad?iu=/4585/mash.to/rss&pos=atf&tag=ad&mtype=standard&type=rss&sz=300x250&c=1529967709 (https://pubads.g.doubleclick.net/gampad/jump?iu=/4585/mash.to/rss&pos=atf&tag=ad&mtype=standard&type=rss&sz=300x250&c=1529967709)
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Trump really wants to sabotage China's plans (https://www.csis.org/analysis/made-china-2025) to become a high-tech power house.
The U.S. Treasury Department will block firms with 25 percent or more Chinese ownership from acquiring U.S. companies with "industrially significant technology," a government official told Reuters (https://www.reuters.com/article/us-usa-trade-china-investment/u-s-plans-limits-on-chinese-investment-in-u-s-technology-firms-idUSKBN1JL03L).*
The new policy is the U.S.' latest economic aggression toward China, following military restrictions (https://mashable.com/2018/06/19/senate-rejects-trump-zte-deal/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial) on contracts with Chinese technology companies. Additionally, President Trump's tariffs on $34 billion of Chinese goods will go into effect on July 6. The tariffs mostly target (http://www.businessinsider.com/trump-china-tariff-full-list-of-goods-products-2018-6) technology and manufacturing products.
SEE ALSO: Sorry, Apple and Samsung — the best smartphone innovation is happening in China right now (https://mashable.com/2018/06/01/smartphone-innovation-china/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial) Read more... (https://mashable.com/2018/06/25/us-blocks-chinese-tech-acquisition/)
More about China (https://mashable.com/category/china/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), Trump (https://mashable.com/category/trump/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), Trade (https://mashable.com/category/trade/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), Tech (https://mashable.com/tech/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), and Cybersecurity (https://mashable.com/category/cybersecurity/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial)https://pubads.g.doubleclick.net/gampad/ad?iu=/4585/mash.to/rss&pos=atf&tag=ad&mtype=standard&type=rss&sz=300x250&c=1529967709 (https://pubads.g.doubleclick.net/gampad/jump?iu=/4585/mash.to/rss&pos=atf&tag=ad&mtype=standard&type=rss&sz=300x250&c=1529967709)
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