Trump Decides Against Harshest Measures on China Investments
- White House won’t use national-emergency law to penalize China
- Treasury wants Congress to strengthen key inter-agency panel
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The White House moved forward with plans to limit Chinese investments but chose a less confrontational approach, deciding against invoking a rarely used law reserved for economic emergencies.
President Donald Trump instead embraced legislation under consideration in Congress to strengthen the Committee on Foreign Investment in the U.S., or CFIUS, so it can prevent companies from violating intellectual-property rights of American companies. Trump didn’t single out Beijing or even mention China in a statement Wednesday announcing his decision.