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image: Damir Sagolj/Reuters

Trump just made a big move that could deescalate the trade war with China

June 27, 2018

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President Donald Trump announced the details of a plan to crack down on Chinese investment in US technology companies, but the final results were weaker than expected.

After fears that Trump would introduce harsh measures to curb Chinese investment in US-based technology companies, the president decided to use less stringent methods to curb the practice, including the expanded use of the Committee on Foreign Investment in the United States (CFIUS).

In a statement out Wednesday, Trump said the administration was banking on Congress’ passage of the Foreign Investment Risk Review Modernization Act (FIRRMA), which would give more power to CFIUS.

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