Writer’s block

25 June 2018 By Gina Chon Follow @GinaChon

The White House plans to curb investment from China, which has already dropped off sharply. Meanwhile, Harley-Davidson will move some production abroad due to EU tariffs. Firms are hurting but it’s unclear what resolution would look like – or whether the U.S. side even knows.

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The U.S. Treasury Department is considering blocking firms with at least 25 percent Chinese ownership from buying U.S. companies with “industrially significant technology,” Reuters reported on June 24.

The department will base the restrictions on the 1977 International Emergency Economic Powers Act, which allows the president to regulate commerce based on national-security threats. The White House set a June 30 deadline to announce such restrictions and said the policy would be implemented shortly afterward.

The United States has already proposed imposing tariffs on $50 billion worth of Chinese imports, and threatened to target another $200 billion in goods if China follows through on retaliatory tariffs.

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