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Insights on the Industrial Ethernet Global Market to 2027 - Featuring Huawei Technologies, ABB and Belden Among Others
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Biden expands Trump order by banning U.S. investment in Chinese companies linked to the military or surveillance technology Jeanne Whalen, Ellen Nakashima © Andy Wong/AP Surveillance cameras are mounted on a lamp post near the large portrait of Chinese leader Mao Zedong at the Tiananmen Gate in Beijing, Friday, March 15, 2019. (AP Photo/Andy Wong)
The Biden administration is expanding a Trump-era order that banned U.S. investment in Chinese companies that support China’s military to include those selling surveillance technology, calling the entities a threat to U.S. interests and values.
A new executive order released Thursday broadens prohibitions that Donald Trump’s administration enacted and moves authority for the ban to the Treasury Department from the Defense Department, to give it stronger legal grounding, senior administration officials said. They spoke on the condition of anonymity to preview the order before its release.