The Presidential Daily Brief


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    Trump Appears to Retreat on Chinese Trade Restrictions

    The White House has been promising to roll out new investment restrictions on China by the end of this month, leading to a market tumble in recent days. But yesterday, while President Trump maintained that “people come and steal” American technology, he said investment rules could be handled by the existing Committee on Foreign Investment in the U.S. — which has just been awarded new powers by Congress to review Chinese tech investments. It’s seen as a victory for administration figures who have attempted to cool Trump’s burgeoning trade war.

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