WASHINGTON (Reuters) – The Trump administration has canceled plans to blacklist Chinese tech giants Alibaba, Tencent, and Baidu, four people familiar with the matter said, providing a momentary respite for major Beijing companies in between. to a wider repression by Washington.
Senior administration officials had considered plans to add the companies to a list of alleged Chinese military companies, which would subject them to a new investment ban in the United States.
But according to the people, who refused to be named in order to speak freely, they reject from Treasury Secretary Steven Mnuchin blocked the plans.
The Treasury, the state and the Pentagon did not immediately respond to requests for comment.
Written by Alexandra Alper; Editing by Chizu Nomiyama