Investing.com investing.com 08 Jan, 2021 20:00 am

Trump administration to mull expansion of China investment ban -sources By Reuters

Trump administration to mull expansion of China investment ban -sources By Reuters
Trump administration to mull expansion of China investment ban -sources

S and China trade talks in Beijing By Alexandra Alper, Humeyra Pamuk and Mike Stone WASHINGTON (Reuters) -Trump administration officials are expected to discuss a proposed expansion of an executive order banning U.The executive order, signed by President Donald Trump in November, is part of his bid to cement his tough-on-China legacy in the waning days of his administration.Secretary of State Mike Pompeo and Treasury Secretary Steven Mnuchin later wrote in tweets that there was no disagreement over the executive order.The State and Treasury Departments did not immediately respond to requests for comment and the Defense Department declined to comment.

It also sought to give teeth to a 1999 law that tasked the Defense Department with drafting a list of Chinese companies it believes are owned or controlled by the Chinese military.The Defense Department has not yet provided a rationale for designating the companies.

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