08:48 PM IST
The Trump administration is mulling a crackdown on Chinese investments in technologies that the U.S. considers sensitive by employing a law reserved for national emergencies, among other options, Bloomberg reported, citing people familiar with the matter.
The International Emergency Economic Powers Act, enacted in 1977, allows the president to declare a national emergency in response to an "unusual and extraordinary threat."
After declaring such an emergency, the president can block transactions and seize assets.
Earlier this month, U.S. President Donald Trump blocked a potential takeover of Qualcomm Inc by Broadcom Ltd, citing national security concerns.
The U.S. government and the Treasury department were not immediately available for comments.
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
)
Mazagon Dock, 4 other stocks to buy: Analysts recommend largecap, midcap, smallcap scrips for up to 1 month
)
Monthly Income From One-time Investment: How Rs 15,00,000 one-time investment can create Rs 2,54,000 monthly income for 30 years
)
SBI Current FD Rates for Senior Citizens & Others: Know your maturity amount on Rs 4,00,000 investment in 1-5 year tenures
)
SBI Lakhpati RD: Want Rs 2,22,222 or Rs 4,44,444 at maturity? Here's how much to invest monthly for 1-year, 3-year and 5-year
)
8th Pay Commission Salary Calculations: Can highest revised basic pay be more than Rs 5,50,000 in new pay commission? See projections for different slabs
08:48 PM IST