US will block Chinese firms from acquiring American tech companies

TwitterFacebook

Trump really wants to sabotage China's plans to become a high-tech power house.

The U.S. Treasury Department will block firms with 25 percent or more Chinese ownership from acquiring U.S. companies with "industrially significant technology," a government official told Reuters

The new policy is the U.S.' latest economic aggression toward China, following military restrictions on contracts with Chinese technology companies. Additionally, President Trump's tariffs on $34 billion of Chinese goods will go into effect on July 6. The tariffs mostly target technology and manufacturing products.

More about China, Trump, Trade, Tech, and Cybersecurity

COntributer : Mashable https://ift.tt/2KgBsSy

US will block Chinese firms from acquiring American tech companies US will block Chinese firms from acquiring American tech companies Reviewed by mimisabreena on Tuesday, June 26, 2018 Rating: 5

No comments:

Sponsor

Powered by Blogger.