(UTV|COLOMBO) – The United Sates (US) has passed a new law that strengthens the Government’s power to review – and potentially block – business deals involving foreign firms.
US President Donald Trump signed the bill, which is part of a broader military spending measure, on Monday (13).
The measure was spurred by US concerns that Chinese companies are using investments and acquisitions to gain access to new technology.
Those worries are also behind new US tariffs on Chinese goods.
The law was supported by both Republicans and Democrats in Congress, which approved the measure earlier this year.
It comes as other countries, including the United Kingdom (UK), consider ways to toughen their scrutiny of foreign deals with an eye to China.
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