America may introduce unprecedented measures to invest in China

America at the end of April may announce unprecedented measures regarding its investments in China, reports Politico. According to media reports, such moves are justified by curbing Beijing’s technological and military rise.

The newspaper clarifies that the administration of the leader of the United States, Joe Biden, has decided on the content of the expected executive order and has already notified the Chamber of Commerce about it. After the restrictions are passed, organizations must notify the US government of new investments in Chinese technology firms. The publication notes that several transactions in critical areas, in particular, in the field of microchips, may fall under the ban.

“We want to make sure that we are doing everything right. We want to be sure that we have discussed everything with allies, with industry representatives, after which we will proceed to standard procedures in working on a decree, as the rules prescribe,” — said a US administration official.

At the same time, the US is also considering a ban on the use of TikTok and an increase in trade tariffs for China.