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treasury secretary Steven Mnuchin
Steven Terner MnuchinGOP Rushes to Restore Budget Credibility with House On The Money Budget – Sponsored by Prudential – Senators Strike Ross On Trump Tariffs | EU levies tariffs on US products | The Senate rejects the Trump plan to recover Mnuchin expenses: The "postcard" tax deposit will be published next week On Monday, reports ripped off that the administration plans to limit Chinese investment.
"On behalf of @realDonaldTrump, stories about investment restrictions in Bloomberg & WSJ are fake, fake news," Mnuchin said in a tweet.
"The leaker does not exist or knows the subject very well," he added. "Statement will not be specific to China, but to all countries that are trying to steal our technology."
From @realDonaldTrump, the stories about investment restrictions in Bloomberg & WSJ are fake, fake news. The leaker does not exist or knows the subject very well. The statement will not be specific to China, but to all countries that are trying to steal our technology.
– Steven Mnuchin (@ stevenmnuchin1) June 25, 2018
The Wall Street Journal reported Sunday night that President Trump
Donald John TrumpJimmy Fallon replies to Trump: I'm going to donate to pro-immigrant nonprofit on his behalf South Carolina Candidate GOP should recover completely after a car accident Official: US to present North Korea with a schedule, "specific request" PLUS planned to prevent Chinese companies from invest in US technology companies and stop US technology exports to China.
The newspaper reported that the Treasury Department is drafting rules that would prevent companies with a minimum of 25% Chinese ownership from buying companies that take part in "technologies of industrial importance" .
The plans for the administration should be unveiled later this week, he added.
Bloomberg reports that the administration has labeled aerospace, new energy vehicles and threat robotics for economic and national security.
Politico, meanwhile, reports that the aggressive moves were led by the US Trade Representative Robert Lighthizer
Robert (Bob) McConnell Emmet Lighthizer Urges GOP Senators to Call Trump on Tariffs Businesses Prepare for Commercial Warfare MORE and Peter Navarro, White House Commercial Counselor.
The reports come in the midst of increased trade tensions between the United States and China.
Trump announced last week that it would impose tariffs on Chinese products worth $ 50 billion.
The Chinese Ministry of Commerce fought back, accusing the Trump administration of being "capricious" and "provoking a trade war".
"This measure is not only detrimental to bilateral interests, it is also undermining the global trading order," the statement said.
–This report was updated at 11:46 am
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