FILE PHOTO: A vehicle drives past the U.S. Treasury Department in Washington, D.C., U.S. December 13, 2020. REUTERS/Raphael Satter
December 17, 2020
(Reuters) – The United States Treasury Department is seeking to water down an executive order from U.S. President Donald Trump that bars Americans from investing in Chinese companies with suspected ties to Beijing’s military, the Financial Times newspaper reported on Thursday, citing sources.
The Treasury wanted to exclude Chinese subsidiaries from the ban but the effort has been met with opposition from the Pentagon and U.S. State Department, the report added https://on.ft.com/3nwheVp.
(Reporting by Kanishka Singh in Bengaluru; Editing by Chris Reese)