President Donald Trump has hinted at softening his position regarding restrictions on Chinese investment, the Financial Times reports, following a day of poor trading on the stock market.
Trump said on Tuesday that protections on US industry from Chinese investment could be provided by the Committee on Foreign Investment in the US (Cfius), which considers foreign investors on the basis of potential national security threats.
This approach would be markedly softer than the strict measures outlined by the White House in recent weeks, which included blanket bans on stock purchases by companies that exceeded 25% Chinese ownership.
For some members of the Trump administration, such as White House trade adviser Peter Navarro, as well as many lawmakers on Capitol Hill, granting Cfius this remit would be an unsatisfactory rebuff to China’s ambitious “Made in China 2025” policy.
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