On Friday, US President Donald Trump signed a memorandum aimed at curbing Chinese investment in American strategic sectors, including technology and biomusic infrastructure, through the Foreign Investment Control Committee.
The White House said on its website that the memo aims to “strengthen foreign investments and at the same time protect the national security interests of the United States, especially against the threats posed by foreign opponents such as China.”
The American administration accuses Beijing of “increasingly exploiting American resources to develop and update its military and intelligence services and other security services.”
The White House also accuses “some foreign opponents”, including China, of investing in American companies in order to “obtain the latest technologies and intellectual property.”
The White House added that the new US administration intends to invite the US Foreign Investment Committee (CFIUS) to “restrict Chinese investments in the American strategic sectors, such as technology, biomus infrastructure, health, agriculture, energy, raw materials, and others.”
This committee is charged with evaluating the consequences of US national security from the acquisition of foreign groups on American companies.
The White House indicated that “President Trump is committed to his promise to prevent foreign opponents from exploiting the United States.”
This decision comes amid trade tensions between the two largest economies in the world.
At the beginning of this February, Trump imposed 10%customs duties, in addition to those in practice, on the products from China, but said on Wednesday that a trade agreement with Beijing was “possible”.
