TECH
President of the United States, Donald Trump, continues his campaign against Chinese investors seeking to acquire companies linked to the industrial technology area. The new measure that the US Treasury Department is going to implement targets companies with at least 25% Chinese capital. They will be unable to buy US companies linked to the technology, according to the Wall Street Journal.Tensions between the US and Chinese governments have risen sharply in recent months with threats of import-related tariffs. Last week, Donald Trump had announced the application of 25% tariffs on Chinese products valued at $ 50 billion, which earned an immediate response from Beijing of an equivalent rate on US imports.Speaking to the Wall Street Journal, Commerce Secretary Wilbur Ross said that all measures will be taken to protect American technology. And this may also mean possible changes in export controls to protect their intellectual property. The government may invoke a 1977 law known as the International Emergency Economic Powers Act (IEEPA) which gives the president extraordinary powers in the face of possible threats to the United States economy.
Still in March, Donald Trump blocked a hostile takeover of China's Broadcom for the $ 117m acquisition of Qualcomm, alleging mainly national security issues.
Sapo
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