Trump Signals He Favors Less Confrontation With China on Tech
- Denies reports that administration leaning toward using IEEPA
- Markets swooned Monday on Bloomberg, Journal reports
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President Donald Trump signaled he may take a less confrontational path toward curbing Chinese investments in sensitive American technologies, potentially relying on a U.S. committee that scrutinizes foreign acquisitions for national security risks.
Trump made remarks Tuesday at the White House that appeared to align with Treasury Secretary Steven Mnuchin’s approach, in an internal administration debate over how to protect U.S. intellectual property from China.