Mnuchin Favors Less Sweeping Investment Limits for China, Sources Say
- Trump meeting with GOP lawmakers to talk China on Tuesday
- Treasury due to present investment restrictions by June 30
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The Treasury Department wants President Donald Trump to rely on legislation to tighten scrutiny of Chinese investments in the U.S. instead of an executive move imposing sweeping new limits, according to three people familiar with the matter.
Treasury Secretary Steven Mnuchin has until the end of June to present to the president his department’s final recommendations on Chinese investment curbs. Trump directed Mnuchin to draw up the restrictions as part of a probe into China’s alleged theft of intellectual property that also allows the imposition of tariffs.