US Treasury Secretary Steven Mnuchin has denounced media reports detailing plans to impose restrictions on Chinese investment in US companies and on tech exports to China.
The reports were widely cited Monday as helping to spark a global stocks selloff, with investors increasingly gloomy about the prospects of de-escalation in the emerging US-China trade war.
The White House in late May announced plans to impose steep tariffs on Chinese goods, and follow up by June 30 with "specific investment restrictions and enhanced export controls for Chinese persons and entities related to the acquisition of industrially significant technology."
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