Biden Team Likely to Proceed With Trump China Investment Ban
- Banks, investors urge administration to roll back restrictions
- Biden talks on ban are preliminary and no decision’s been made
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The Biden administration is likely to maintain pressure on China by preserving limits on U.S. investments in certain Chinese companies imposed under former President Donald Trump, six people familiar with the matter said, bucking entreaties from Wall Street to ease the restrictions.
Biden officials are still in preliminary discussions about Trump’s investment bans on companies linked to China’s military, which included three of the country’s biggest telecommunications firms, the people said. No decision has been made.