More than half of the U.S. Senate wrote to Treasury Secretary Jacob Lew in September with concerns about state-controlled China Railway Rolling Stock Corp.’s bid for North Carolina-based Vertex Railcar Corp.
“All these investments come from communist Chinese state interests,” Mr. Pittenger said in an interview Monday, adding that he expects the Trump administration to carefully review risks associated with China.
“He’s going to have a high level of concern, and I think he will look at the relationship with China with a thoughtful eye.”
Mr. Trump made complaints about Chinese trade practices a centerpiece of his campaign, and his campaign said he would use all appropriate agencies at this disposal.
But it isn’t clear whether Mr. Trump would want to use officials at CFIUS to limit Chinese acquisitions as a lever on trade. Most recent U.S. presidents have affirmed the U.S. open-investment policy as vital for the economy and focused on applying economic pressure elsewhere to solve trade disputes, according to a former senior Treasury Department official involved in CFIUS who noted that Mr. Trump himself is a major foreign investor.
“I would expect that he’s going to look to use every possible tool in the toolbox to counter what he sees as unfair Chinese economic practices,” said Scott Kennedy, a deputy director at Center for Strategic & International Studies, a Washington think tank.
obstructive sleep apnea and ambien By Courtesy of WSJ