Trump inks memo to facilitate allies’ investment, restrict China from investing in strategic sectors
U.S. President Donald Trump speaks after swearing-in Commerce Secretary Howard Lutnick in the Oval Office at the White House in Washington, D.C., Feb. 21. UPI-Yonhap
U.S. President Donald Trump signed a memorandum Friday to create a “fast-track” process to facilitate investment from U.S. allies and partners, and restrict China-affiliated people from investing in America’s strategic sectors.
Trump inked the “America First Investment Policy” memo, accusing China and other foreign adversaries of systematically directing and facilitating investment in U.S. companies and assets to obtain cutting-edge technologies, intellectual property and leverage in strategic industries.
“The United States will create an expedited fast-track process, based…
