Striving for the essential is a thought
The U.S. is not expected to screen outbound investments unless something dramatic forces its hand, a key Trump administration trade official told Nikkei, downplaying a proposal here aimed at preventing sensitive technologies from leaking to China.
“Outbound investment restrictions can be used to prevent, to a degree, technology transfers when export controls have not met the challenge,” said Nazak Nikakhtar, who served as acting undersecretary of commerce for industry and security.
The Biden administration is believed to be weighing the option to bolster America’s economic security. “But this is going to be such a polarizing topic for the industry,” Nikakhtar said, pointing to growing interest in investing in China by financial firms and other foreign companies.
Opening remarks – Mung Chiang, Executive Vice President for Strategic Initiatives and the John A. Edwardson Dean of Engineering at Purdue University
Moderated by Dr. Stephen Goodnick – Mung Chiang, Executive Vice President for Strategic Initiatives and the John A. Edwardson Dean of Engineering at Purdue University
- I would think right now that all options would be on the table
- As a practical, realistic matter, you can’t have every country have the exact same
- But I think other countries will have no choice but to do the same