Trump orders use of CFIUS to restrict Chinese investments in strategic areas

[BumRushDaShow]

Source: Reuters

February 22, 2025 9:05 AM EST Updated 11 hours ago


WASHINGTON, Feb 21 (Reuters) - President Donald Trump signed a memorandum on Friday that directs the Committee on Foreign Investment in the United States to restrict Chinese investments in strategic areas, a White House official said. The national security memorandum is aimed at promoting foreign investment while protecting U.S. national security interests from threats posed by foreign adversaries like China, the official said.

The order says that China is "exploiting our capital and ingenuity to fund and modernize their military, intelligence, and security operations, posing direct threats to United States security," the official said. Under the directive, the United States will establish new rules "to curb the exploitation of its capital, technology, and knowledge by foreign adversaries such as China to ensure that only those investments that serve American interests are allowed," the official said.

The official also said the Trump administration will consider new or expanded restrictions on U.S. outbound investment to China in sensitive technologies, including semiconductors, artificial intelligence, quantum, biotechnology, aerospace and more. The United States should stop "politicizing" and "weaponizing" economic issues, the Chinese commerce ministry said in a statement on Saturday, adding that China would closely monitor the situation and take necessary measures to defend its legitimate rights and interests.

The steps threaten to heighten economic tensions with China after the president increased tariffs on Chinese imports as one of his first moves in office. CFIUS, which scrutinizes foreign investment in the United States for national security risks, has already overseen a sharp decrease in Chinese investment in the United States.

Read more: https://www.reuters.com/world/trump-use-cfius-restrict-chinese-investments-strategic-areas-white-house-2025-02-21/

[slightlv]

1. Does he realize how badly the chinese

could damage us, monetarily and economically? Does he care? They hold so much of our debt, they could easily bankrupt the country within a single day or two... on top of what musk is already doing to us. (SMDH)