What I don’t understand about opposition to this is what economic theory says that one-way trade freedom serves US interests. China doesn’t let US companies buy Chinese companies. Leaving aside notions of fairness, what is the theoretical basis for arguing that the US should nonetheless allow Chinese ownership of US companies?
One big open question about this policy is whether it will severely restrict Chinese VC investment in the US. There's been discussions about subjecting all Chinese VC investment to the CFIUS, which would effectively stop all but the very largest deals.
It should be noted that Steven Mnuchin disputes this report's accuracy:<p>>On behalf of @realDonaldTrump, the stories on investment restrictions in Bloomberg & WSJ are false, fake news. The leaker either doesn’t exist or know the subject very well. Statement will be out not specific to China, but to all countries that are trying to steal our technology.<p><a href="https://twitter.com/stevenmnuchin1/status/1011258207182966786?s=19" rel="nofollow">https://twitter.com/stevenmnuchin1/status/101125820718296678...</a>