Trump dismisses reports about new curbs on Chinese tech investment

- Jun 27, 2018 -

US President Donald Trump seemed to suggest on Tuesday that he would scrap plans for new restrictions on Chinese investment in US technology and will rely on the Committee for Foreign Investment in the United States (CFIUS) for the purpose.

Asked "What are you looking at in terms of Chinese investment restrictions?" by reporters at the White House, Trump said, "Well, it's not just Chinese."

He said the US has "the greatest technology in the world", and "We have to protect that and that can be done through CFIUS."

CFIUS is an interagency panel that considers national security implications of foreign acquisitions of US businesses.

The US House of Representatives passed legislation on Tuesday to strengthen the authority of CFIUS by a 400-2 vote.