Economics

Mnuchin Updates Trump on Concerns Over China Investments in U.S.

Treasury secretary discussed options for consideration
Department has considered imposing curbs under emergency law

Bannon condemned a weekend truce in the U.S. trade dispute with China. Bloomberg’s Kevin Cirilli reports.(Source: Bloomberg)

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By Saleha Mohsin

May 21, 2018 at 11:43 PM UTC

This article is for subscribers only.

Treasury Secretary Steven Mnuchin updated President Donald Trump on a review assessing concerns over Chinese investments in the U.S. and discussed options for consideration, a Treasury spokeswoman said on Monday.

The Treasury Department has considered citing an emergency law to prevent the Chinese from investing in -- and acquiring -- sensitive American technology.