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Biden slaps an investment ban on Chinese companies
It’s expected that the Biden administration will continue limiting US investments in certain Chinese companies – continuing the measures that were introduced by Donald Trump.
The White House is currently in talks with advisors regarding the China investment bans, which were imposed on three of the country’s biggest telecommunication operators.
President Biden has been working to maneuver through tensions between Beijing, the US and many other western nations.
It’s expected that Biden will receive bi-partisan support if his administration continues the bans.
Republican Senator Marco Rubio says Biden “should reject any efforts by the investor class to erode the sanctions and work with Congress to codify those penalties into law.”