Trump To Put An End To Chinese Taking Over US Tech Firms
- 6 years ago
The business relationship between the US and China may get a lot worse.
Business Insider reports new US Treasury Dept. measures could deepen the gulf between the pair.
They would block firms with 25% or more Chinese ownership from buying US tech companies.
The new curbs are designed to protect US intellectual property.
China announced tariffs on $50 billion worth of imports from the US last week.
The move was in response to President Trump's tariffs on Chinese goods, set to begin in July.
Business Insider reports new US Treasury Dept. measures could deepen the gulf between the pair.
They would block firms with 25% or more Chinese ownership from buying US tech companies.
The new curbs are designed to protect US intellectual property.
China announced tariffs on $50 billion worth of imports from the US last week.
The move was in response to President Trump's tariffs on Chinese goods, set to begin in July.