Executive order will enforce a ban on 59 companies including Huawei and chip maker SMIC as president expands Trump-era policy
Joe Biden has signed an executive order that bans American entities from investing in dozens of Chinese companies with alleged ties to defense or surveillance technology sectors.
In a move that his administration says will expand the scope of a legally flawed Trump-era order, the US treasury will enforce and update on a “rolling basis” the new ban list of about 59 companies.
Continue reading...source https://www.theguardian.com/us-news/2021/jun/03/biden-bans-us-investment-chinese-military-tech-surveillance
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