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image: AFP / Timothy A. Clary

Trump’s plan to crack down on foreign investment is much less harsh than expected

June 27, 2018

Via: CNBC

The White House won’t be looking to block companies with 25 percent or more of Chinese ownership from buying certain U.S. tech-related companies.

Instead, the government will rely on the newly strengthened Committee on Foreign Investment in the United States to deal with concerns about foreign purchase of sensitive domestic technologies, a senior administration official said Wednesday.

In all, measures the administration announced were less harsh than proposals floated earlier in the week, providing relief to markets who continue to worry about the threat of a global trade war.

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