US reshaping rules in bid for economic hegemony

US President Donald Trump reportedly plans to impose restrictions on Chinese companies investing in US tech firms and blocking even more high-tech exports to China under the guise of protecting national security, but such a rules-breaking practice is politicizing business and will lead to investors, Chinese or not, losing trust in the US market.

Even though Chinese investments in the US are mutually beneficial - creating jobs, contributing taxes, and bringing funds to the US market - the restrictive measures, which could be announced by the end of this week, are an indication that the Trump administration intends to further obstruct normal business exchanges between China and the United States.

By blocking companies with at least 25 percent Chinese ownership from buying US firms involved in "industrially significant technology", the Trump administration is attempting to prevent China from growing into a more competitive rival by creating obstacles to the implementation of its Made in China 2025 plan, which the Trump administration views as China's bid to stake its leadership in the key industries of the future.