{"id":552685,"date":"2021-06-04T14:35:27","date_gmt":"2021-06-04T18:35:27","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=552685"},"modified":"2021-06-04T14:35:35","modified_gmt":"2021-06-04T18:35:35","slug":"biden-expands-on-trump-era-order-banning-investment-into-chinese-tech-defense-related-firms","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-expands-on-trump-era-order-banning-investment-into-chinese-tech-defense-related-firms\/","title":{"rendered":"Biden Expands On Trump-Era Order Banning Investment Into Chinese Tech, Defense-Related Firms"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">24<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fbiden-expands-on-trump-era-order-banning-investment-into-chinese-tech-defense-related-firms%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=552685&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>President Joe Biden expanded a Trump-era executive order banning U.S. investment into dozens of Chinese companies linked to China\u2019s defense and tech surveillance industries, the White House announced Friday.<\/p>\n<p>Former President Donald Trump\u2019s original November 2020 order banned investment into 35 Chinese companies, arguing that China was \u201cexploiting\u201d U.S. capital to bolster its own defense capabilities and its security and surveillance technologies. Biden\u2019s Friday order adds 24 additional companies to the blacklist and transfers the enforcement authority of the order from the Department of Defense to the Department of Treasury.<\/p>\n<p>\u201cThe use of Chinese surveillance technology outside the [People\u2019s Republic of China], as well as the development or use of Chinese surveillance technology to facilitate repression or serious human rights abuses, constitute unusual and extraordinary threats,\u201d the White House <a href=\"https:\/\/www.whitehouse.gov\/briefing-room\/presidential-actions\/2021\/06\/03\/executive-order-on-addressing-the-threat-from-securities-investments-that-finance-certain-companies-of-the-peoples-republic-of-china\/\" target=\"_blank\" rel=\"noopener noreferrer\">said in a statement.<\/a> <strong><a href=\"https:\/\/dailycaller.com\/2021\/03\/18\/joe-biden-subpoena-commerce-department-chinese-tech-firms-donald-trump-executive-order\/\" target=\"_blank\" rel=\"noopener noreferrer\">(RELATED: Biden Hits Chinese Tech Firms With Subpoenas Before US-China Summit)<\/a><\/strong><\/p>\n<div id=\"attachment_7018637\" class=\"wp-caption alignnone\" readability=\"38\"><img decoding=\"async\" aria-describedby=\"caption-attachment-7018637\" loading=\"lazy\" class=\"size-full wp-image-7018637\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2021\/06\/GettyImages-871942424-scaled-1.jpg\" alt srcset=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2021\/06\/GettyImages-871942424-scaled-1.jpg 2560w, https:\/\/cdn01.dailycaller.com\/wp-content\/uploads\/2020\/10\/GettyImages-871942424-180x120.jpg 180w, https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2021\/06\/GettyImages-871942424-620x413-1.jpg 620w, https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2021\/06\/GettyImages-871942424-768x512-1.jpg 768w, https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2021\/06\/GettyImages-871942424-1536x1024-1.jpg 1536w, https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2021\/06\/GettyImages-871942424-2048x1366-1.jpg 2048w\" sizes=\"(max-width: 2560px) 100vw, 2560px\"  style=\"display:none\"><\/p>\n<p id=\"caption-attachment-7018637\" class=\"wp-caption-text\"><em>US President Donald Trump (L) and China\u2019s President Xi Jinping leave a business leaders event at the Great Hall of the People in Beijing on Nov. 9, 2017. Donald Trump urged Chinese leader Xi Jinping to work \u201chard\u201d and act fast to help resolve the North Korean nuclear crisis, during their meeting in Beijing on November 9, warning that \u201ctime is quickly running out\u201d (NICOLAS ASFOURI\/AFP via Getty Images)<\/em><\/p>\n<\/div>\n<p>Biden\u2019s move comes despite calls from the Chinese government for his administration to rescind the order, arguing it was in conflict with free market values. The Biden administration says it plans to add to the list in coming months, <a href=\"https:\/\/nypost.com\/2021\/06\/04\/biden-order-bans-investment-in-chinese-defense-tech-firms\/\" target=\"_blank\" rel=\"noopener noreferrer\">according<\/a> to the New York Post.<\/p>\n<p>\u201cThe US government is stretching the concept of national security, abusing national power and using every possible means to suppress and restrict Chinese enterprises,\u201d Chinese Foreign Ministry spokesman Wang Wenbin told reporters in a response to the move, according to the outlet. \u201cWe are firmly opposed to this.\u201d<\/p>\n<p>Biden has made clear that competition with China is his top priority when it comes to foreign policy. He has <a href=\"https:\/\/dailycaller.com\/2021\/03\/25\/biden-xi-jingping-china-xinjiang-democracy\/\" target=\"_blank\" rel=\"noopener noreferrer\">framed the struggle<\/a> between the U.S. and China as one that will determine whether democracy or autocracy will lead the world into the future.<\/p>\n<p>Biden\u2019s administration has\u00a0<a href=\"https:\/\/dailycaller.com\/2021\/02\/17\/joe-biden-uighurs-china-cnn-town-hall\/\" target=\"_blank\" rel=\"noopener noreferrer\">condemned<\/a> China\u2019s ongoing genocide against Uyghur Muslims in Xinjiang as well as its destruction of democracy in Hong Kong. The administration teamed with Canada, the U.K. and the EU to impose sanctions against Chinese Communist Party (CCP) officials in Xinjiang.<\/p>\n<blockquote class=\"twitter-tweet\" readability=\"10.26714801444\">\n<p dir=\"ltr\" lang=\"en\">BIDEN: \u201cI have known Xi Jinping a long time. Allegedly, by the time I left office as Vice President I had spent more time with Xi Jinping than any other world leader\u2026he is a smart, smart guy.\u201d <a href=\"https:\/\/t.co\/f4bun3MDXQ\">pic.twitter.com\/f4bun3MDXQ<\/a><\/p>\n<p>\u2014 Danny De Urbina (@dannydeurbina) <a href=\"https:\/\/twitter.com\/dannydeurbina\/status\/1375150134074478595?ref_src=twsrc%5Etfw\">March 25, 2021<\/a><\/p>\n<\/blockquote>\n<p>The Biden administration\u2019s frosty relations with China kicked off with a dramatic meeting in <a href=\"https:\/\/dailycaller.com\/2021\/03\/19\/alaska-china-xi-jingping-biden-coronavirus\/\" target=\"_blank\" rel=\"noopener noreferrer\">Alaska<\/a> between Secretary of State Antony Blinken, national security adviser Jake Sullivan and their Chinese counterparts. The U.S. leveled criticisms of China\u2019s many human rights abuses, to which the Chinese officials responded by noting Black Lives Matter protests, <a href=\"https:\/\/www.independent.co.uk\/news\/world\/americas\/alaska-us-china-biden-summit-b1819424.html\" target=\"_blank\" rel=\"noopener noreferrer\">accusing<\/a> the U.S. of \u201cslaughtering\u201d black Americans.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>President Joe Biden expanded a Trump-era executive order banning U.S. investment into dozens of Chinese companies linked to China\u2019s defense and tech surveillance industries, the White House announced Friday.Former President &#8230;<\/p>\n","protected":false},"author":1,"featured_media":2279239,"comment_status":"close","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2021\/06\/GettyImages-871942424-scaled-1.jpg","fifu_image_alt":"Biden Expands On Trump-Era Order Banning Investment Into Chinese Tech, Defense-Related Firms","footnotes":""},"categories":[],"tags":[],"class_list":["post-552685","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"fifu_image_url":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2021\/06\/GettyImages-871942424-scaled-1.jpg","fifu_image_alt":"Biden Expands On Trump-Era Order Banning Investment Into Chinese Tech, Defense-Related Firms","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/552685","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=552685"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/552685\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2279239"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=552685"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=552685"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=552685"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}