U.S. Treasury Secretary Janet Yellen speaks during the AmCham China Fireside Chat held at the Baiyun International Conference Center in southern China's Guangdong province, Friday, April 5, 2024.–
The proposed change comes as the convergence of national security concerns related to foreign investment have increased — as competition intensifies between the world's biggest powers and the U.S. focuses on growing its domestic supply chains.to the planned sale of U.S. Steel to Nippon Steel of Japan, saying in March that the U.S. needs to “maintain strong American steel companies powered by American steelworkers.
“The announcement today is all about adding tools for them to investigate and more actively and aggressively enforce their authorities,” he said. He added that it was going “to act as an incentive for people to really scrub deals to see whether or not they need to file.”Another deal under CFIUS review is the ownership of popular social media app, TikTok. CFIUS’ review of the social media app goes back at least to 2019, though no movement has been made on that review. The U.S.
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