Trump's Treasury Department plans limits on Chinese investment in United States technology firms

Trump officials send mixed signals on China investment curbs,...

European Commission Vice President Jyrki Katainen said unilateral action by US President Donald Trump in disputes over steel, China's technology policy and other issues highlighted the need to modernise the World Trade Organisation to reflect developments in the world economy. He warned that Beijing had an "enormous array of tools to put pressure on American companies" like Apple and GM, companies that really depend on China. Statement will be out not specific to China, but to all countries that are trying to steal our technology. New export controls would make it more hard for United States firms to sell technology to China if Washington deems it to be "industrially significant".

Stocks fell in midday trading Monday, with the Dow Jones industrial average down as much as 446 points, amid reports of protectionist policy pushes by the Trump administration that would ramp up trade tensions on multiple fronts.

A Chinese woman adjusts a Chinese national flag next to US national flags before a Strategic Dialogue expanded meeting, part of the U.S.

He said markets have misunderstood the president's plans. - China 2025 - Trump has blamed past U.S. administrations for being soft on China and allowing the country to become dominant in manufacturing, including in products like steel and aluminum, which are subject to USA tariffs, and for failing to protect sensitive technologies.

Large technology shares also had a bad day, with Amazon losing 3.1 per cent, Facebook and Google-parent Alphabet falling 2.7 per cent, and Netflix down 6.5 per cent. Some U.S. steel and aluminium tariffs went into effect in April and additional tariffs begin in July.

The pan-European FTSEurofirst 300 index .FTEU3 lost 2.19 percent and MSCI's gauge of stocks across the globe.MIWD00000PUS shed 1.41 percent. Goods assembled and exported in one country often depend on components manufactured in another, after being designed in yet a third country, making the national trade deficit focused on by President Trump an unreliable guide.

"In the West you have the notion that if somebody hits you on the left cheek, you turn the other cheek", the Chinese leader said, according to the WSJ report citing people briefed on1qaa the meeting.

Foreign investments already must pass interagency review under the Committee on Foreign Investment in the USA, to see if they violate national security.

Spokespersons for the Treasury and the Commerce Department did not respond to requests for comment on their investment and export control plans.

Airbus could stand to benefit if China's looming trade war with the United States prompts Beijing to favour the European aerospace giant over USA rival Boeing.

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