Trump Eases Demand for New Tools to Limit Chinese Investment

WASHINGTON—President Donald Trump suggested he would scrap plans for new restrictions on in U.S. technology and rely mainly on existing tools that some of his advisers have labeled inadequate to guard against the purchase—and theft—of innovations vital to the U.S. economy.

“We have the greatest technology in the world. People come and steal it,” he said in response to questions from reporters at the White House on Tuesday. “We have to protect that and that can be done through CFIUS,” referring to an interagency…

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