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Investors saw this as a somewhat softer approach than Mr Trump's earlier plan - to block firms, which are at least 25 per cent Chinese owned, from taking over United States tech companies. In response, China is prepared the same day to slap tariffs on billions in USA exports, including soybeans - a direct threat to Trump supporters in America's heartland.

And now according to Reuters, Trump has said on Wednesday that he will use a strengthened security review process to deal with threats from Chinese investments to acquire usa technologies.

President Trump on Wednesday softened proposed limits on China's right to invest in US technology companies, the latest sign of an on-again, off-again trade war that is raising doubts about his ability to wring concessions from Beijing.

On Tuesday, FIRRMA, which has bipartisan support, passed the House of Representatives overwhelmingly. The president has already imposed tariffs on steel and aluminum, and on billions of dollars worth of goods from China.

If Congress does not produce a compromise bill, Trump said his administration would "deploy new tools, developed under existing authorities" to protect USA technology and intellectual property. But major indexes closed lower after White House economic adviser Larry Kudlow told Fox Business Network that the CFIUS decision did not represent a more conciliatory approach to China trade issues.

Though neither the new legislation nor Trump specifically named China as the target, several lawmakers have repeatedly mentioned that Chinese acquisitions of USA technology companies make the bill's passage necessary.

Just last week, the president threatened to impose tariffs on nearly all Chinese goods shipped to the United States, a move that reflected Navarro's enduring influence.

CFIUS is an interagency body housed in the Treasury Department that vets purchases and takeovers of US businesses by foreign entities for potential national security threats.

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The 33-year-old made his only save in the 54th minute, spilling Christian Eriksen's free-kick before pouncing on the loose ball. The situation was not helped by Group C's other match, where the men from down under were down after 18 minutes.

The comments ran counter to a May 29 White House statement that said: "The United States will implement specific investment restrictions and enhanced export controls for Chinese persons and entities related to the acquisition of industrially significant technology".

DeBusk said that trade tensions have driven the U.S. stock market down and said that Trump might be seeking a way to avoid "a potentially catastrophic" trade war with China.

China's commerce ministry says it objects to the USA using national security as an excuse to tighten the rules for Chinese companies in the US.

"It shows the Chinese that the Trump administration is still undependable and can be moved back from the most hardline positions", Kennedy added. "It's confused the Chinese about what the USA really wants".

The government is anxious that the move means the United States will use national security concerns unfairly in order to restrict Chinese investments. -China trade conflict, got an early lift from Trump's announcement.

"I have concluded that such legislation will provide additional tools to combat the predatory investment practices that threaten our critical technology leadership, national security, and future economic prosperity", Trump said. "And to the extent that we were anxious about transactions, we will block them".

The president can direct CFIUS to heighten scrutiny on sensitive technologies.

Mnuchin told reporters that the differences among Trump's advisers had been overblown.