Biden bans US investment in Chinese military and tech surveillance sectors - My News TV

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Thursday, June 3, 2021

Biden bans US investment in Chinese military and tech surveillance sectors

Executive order will enforce a ban on 59 companies including Huawei and chip maker SMIC as president expands Trump-era policy

Joe Biden has signed an executive order that bans American entities from investing in dozens of Chinese companies with alleged ties to defense or surveillance technology sectors.

In a move that his administration says will expand the scope of a legally flawed Trump-era order, the US treasury will enforce and update on a “rolling basis” the new ban list of about 59 companies.

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from World news | The Guardian https://ift.tt/3uNT8s1

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