US plans limits on foreign investment in US technology firms

by VTV426 June 2018 Last updated at 19:49 PM

VTV.vn - The U.S. Treasury Department is drafting curbs that would block firms with at least 25 percent Chinese ownership from buying U.S. companies with "industrially significant technology".

A government official emphasized that the Chinese ownership threshold may change before the restrictions are announced on Friday. The move marks another escalation of US-China trade tension.

The first set of tariffs which amounts to 34 million US dollars on Chinese items will come to effect on July 6.

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