Trump can't figure out what he wants from China

White House decides against outright limits on Chinese investment

US walks back China tech investment restrictions

On Tuesday, the House easily approved a bill that would beef up reviews of foreign investments now handled by the Committee on Foreign Investment in the United States, or CFIUS.

Stock futures, which had been lower because of fears that Trump might institute Chinese investment bans and escalate a trade war, ticked up after news that his plan is less restrictive.

News outlets including CNN reported earlier this week that the administration was considering a rule to bar firms with at least 25% Chinese ownership from buying American companies that are involved in technology that the White House considers important.

U.S. officials have highlighted Beijing's "Made in China 2025" industrial development plan as a source of concern, since they say it is a map for dominating significant high-tech industries from space to telecommunications, robotics, and electric cars. In response, China is prepared the same day to slap tariffs on billions in US exports, including soybeans - a direct threat to Trump supporters in America's heartland.

Mexico 0-3 Sweden
But, if Sweden beats Mexico on Wednesday and Germany beats South Korea , three teams would be tied atop Group F with six points. With one more, he can become Mexico's all-time leading scorer in World Cup play with five, breaking a tie with Luis Hernandez.

Last month, the White House said that by the end of this week, it would announce tight new curbs on Chinese investment. The list of restrictions and controls will be announced by June 30, 2018.

The CFIUS, an interagency panel led by the Treasury Secretary, is able only to suggest recommendations to the president on whether to block proposed foreign investment for national security concerns, but presidents in the past have often heeded its advice.

On Wednesday, Trump said the proposed legislation would allow the United States to protect its technological crown jewels without compromising an open investment climate."I have concluded 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", he said.

At a weekly news briefing on Thursday, Chinese Commerce Ministry spokesman Gao Feng said China is closely monitoring the developments and assessing the potential impact on Chinese companies. "The President has led on the issue of foreign competitors principally from China, who are aggressively acquiring sensitive United States technology", the official said.

President warns Harley-Davidson: 'We won't forget'
Rising trade tensions and retaliatory tariffs could pose serious risks for Harley-Davidson, rating agency Moody's said on Tuesday. Trump then threatened the company "will be taxed like never before" if they follow through with the move .

It appears that this plan has been abandoned in favour of an expanded role for CFIUS.

Since January, market volatility has become more commonplace, in part because of Trump's aggressive trade moves and the responses they elicit from major trading partners.

The president can direct CFIUS to heighten scrutiny on sensitive technologies.

The House and Senate have approved giving the CFIUS panel jurisdiction over investments not covered under current law, including minority stakes.

Apple, Samsung settle seven-year legal battle over design patent infringement
Apple and Samsung have declined to comment on today's settlement, but Apple pointed reporters to a statement made in May when the case was last ruled on.

Through this review, USA will assess its export controls and make any modifications that may be needed to strengthen them to defend national security and technological leadership. Trump, meanwhile, is directing the Commerce Department to review the Export Control Act with an eye on recommending ways to revamp the law, which is designed, in part, to limit access to the most sensitive USA technology and weapons for national security purposes. Tariffs on $34 billion in Chinese products are scheduled to take effect July 6, with up to anadditional $416 billion possible in subsequent months.

Latest News