(Reuters) – President Donald Trump raised barriers for Chinese companies seeking to invest or raise money in the United States that will have a lasting impact even if he does not win a second term, according to dealmakers and policy experts.
The Committee on Foreign Investment in the United States (CFIUS), an interagency panel that reviews foreign investments for potential national security risks, has tightened its scrutiny of Chinese deals under President Donald Trump.
Here is how CFIUS started to flex its muscle in the last four years:
– Deals pending CFIUS review piled up after Trump took office in January 2017, as the government struggled to fill in important mid-level political positions at several of the 16 government departments and agencies that comprise CFIUS.
– In September 2017, Trump blocked Chinese-backed private equity firm Canyon Bridge’s planned $1.3 billion acquisition of U.S.-based chipmaker Lattice based on a CFIUS recommendation.Reuters news..