Biden prohibits U.S. investment in 59 Chinese companies allegedly tied to military, surveillance
President Joe Biden on Thursday expanded restrictions on American investments in certain Chinese companies with alleged ties to the country’s military and surveillance efforts.
Biden barred U.S. investors from financial interests in 59 Chinese companies, continuing some portions of the tough tact former President Donald Trump took with Beijing.
Among the 59 companies barred are Aero Engine Corp. of China, Aerosun Corp., Fujian Torch Electron Technology and Huawei Technologies.
The prohibitions take effect at 12:01 a.m. ET on Aug. 2.
https://www.cnbc.com/2021/06/03/biden-prohibits-us-investment-in-59-chinese-companies.html