there are no plans to impose investment restrictions on any countries that are interfering in any way with our country. this is not the plan. this idea that somehow there will be investment restrictions to the world. discount that. it is to china or not to china. he called the market drop an overreaction. we have been waiting for the two-part approach to china. we are waiting to hear more about that by the end of the week. not a good split screen for nau navarro when you see the dow drop 300 points. china and the trade issue. secretary of defense landing overnight in china on a critically important trip with the north korea issues and trade issues at play. we have will ripley live from
so far, tech had been immune to trade fears. sources say the white house plans to block chinese investment in u.s. technology targeting xi jinping s made in china s 2025 plan. that is a national strategy to dominate the industry. aerospace, robotics and electric cars. treasury secretary steve mnuchin denied that china is a target, but said he would hit all industries trying to steal our intellectual property. steve mnuchin called the markets drop an overreaction. there are no plans to impose investment restrictions on any countries that are interfering in any way with our country. this is not the plan. this idea that somehow there will be investment restrictions to the world. discount that. he called the market drop an
investment restrictions? it s not just chinese. it s we don t want people coming in hey, look, we are a very smart country. we have the most incredible people in silicon valley. we don t want china and other countries. it s not necessarily them in particular because they covered it incorrectly. they had either a leaker that didn t exist or a leaker that didn t know his business very well. they gave it to bloomberg and they gave it to, i believe, the wall street journal, and it was either a bad leak by somebody that didn t know, but probably they just made up the story and there was no leak. in the long term, i m not sure my political friends would agree, but i think they re leaks made up by the writers. they don t exist, the leak. but this was a leak that was just off. we want to have our jewels, those are our great jewels. that s like the united states deal from 70 years ago. we have to protect these companies. we can t let people steal that technology. we have the greatest tech
the u.s. is not singling out china for punishment or at least that s what the u.s. treasury secretary says investors worried america s a tech investments is reaching other countries also coming up. political problems of confidence in europe s economic engine. and investors are unsure what to make of president adam lanza reelection. before coming down with a bomb. this is a business update. u.s. treasury secretary steven minucci and has denied reports that the united states is specifically targeting chinese firms in its crackdown on foreign acquisitions of u.s. tech reports to the country and to major outlets nugent tweeted the stories on investment restrictions in bloomberg in the wall street journal are false fake news he went on
is very concerned about retaining its competitive edge but b. there s also the issue of making sure that china minute does not violate intellectual property rights china the chinese whenever they have investment coming into their country have very high tech not technology transfer requirements for example and they have local content sourcing requirements so this is what trump sees as unfair and he wants to stop the chinese from getting out an unfair advantage as he sees it what will to be fair about it until now beijing has been the restrictive one is it now getting a taste of its own protectionism. yes i would i would agree with you there and but i would say that there there are more efficient ways of teaching each other valuable lessons so rather than impose investment restrictions or tariffs on each other