Trump Administration Eyes Restrictions on Chinese Investments; Trade Tensions Rise

The Trump administration is considering restricting Chinese investments in strategic areas, according to a White House official. A national security memorandum will direct the Committee on Foreign Investment in the United States to implement these restrictions. U.S. Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng held an introductory video call where trade and tariffs were discussed. Bessent raised concerns about the U.S. trade deficit with China, counternarcotics efforts, economic imbalances, and unfair policies. Lifeng voiced concerns over recent U.S. tariffs and restrictive measures against China. The U.S. State Department updated its bilateral relations "fact sheet" on China, adding grievances about Beijing and pledging to prioritize U.S. interests in trade and diplomatic ties.