The new order, which is an effort to make a similar Trump-era prohibition more legally sound, signals the administration’s intent to “ensure that U.S. persons are not financing the military industrial complex of the People’s Republic of China,” one of the senior officials told reporters.
“We fully expect that in the months ahead … we’ll be adding additional companies to the new executive order’s restrictions,” an official said. The move is part of a broader series of steps to counter China, including reinforcing U.S. alliances and pursuing large domestic investments to bolster U.S. economic competitiveness, amid increasingly sour relations between the world’s two most powerful countries.
Great! We need to take similar action here in Canada....if Trudeau only had the courage.
JustinTrudeau observe and learn!