U.S. Treasury Secretary says investment restrictions will apply to all countries
- 6 years ago
U.S. Treasury Secretary Steven Mnuchin said on Monday that a scheduled U.S. government statement on investment restrictions and intellectual property rights will apply to all countries, not just China.
Bloomberg and The Wall Street Journal had both reported that Washington is planning to increase legal measures against Chinese investments in sensitive U.S. industries.
But Mnuchin tweeted that this was 'false, fake news',… adding the restrictions will apply to all countries that are trying to steal U.S. technology.
Meanwhile, China will cut import tariffs on automobiles starting from July.
The Korea Trade Investment Promotion Agency reported on Tuesday that the average tariff on automobiles is expected to drop by nearly 14-percent.
Bloomberg and The Wall Street Journal had both reported that Washington is planning to increase legal measures against Chinese investments in sensitive U.S. industries.
But Mnuchin tweeted that this was 'false, fake news',… adding the restrictions will apply to all countries that are trying to steal U.S. technology.
Meanwhile, China will cut import tariffs on automobiles starting from July.
The Korea Trade Investment Promotion Agency reported on Tuesday that the average tariff on automobiles is expected to drop by nearly 14-percent.