Biden Revamp of Trump’s China Blacklist Leaves Room for Dialogue
- ‘Intentionally targeted’ list provides sounder legal footing
- U.S.-China official discussions have picked up in recent weeks
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U.S. President Joe Biden’s “intentionally targeted” revamp of Donald Trump’s order to ban investments in certain Chinese companies allows him to maintain a tough line on China in a way that still provides room for dialogue between the world’s biggest economies.
The amended order signed Thursday by Biden named 59 firms involved in China’s defense and surveillance technology sectors, 15 more than were previously named on a Pentagon list of Chinese-military controlled companies that served as the basis for Trump’s ban. Unlike the previous order, however, it doesn’t affect the many subsidiaries of those firms.