2/2 © Reuters. FILE PHOTO: Alibaba Group’s logo is seen at its office in Beijing 2/2
By Alexandra Alper and Humeyra Pamuk WASHINGTON (Reuters) – The Trump administration has scrapped plans to blacklist Chinese tech giants Alibaba (NYSE :), Tencent and Baidu (NASDAQ :), said four people familiar with the matter. , providing a momentary respite to Beijing. major corporations amid a broader crackdown by Washington. Senior administration officials had been considering plans to add the firms to a list of alleged Chinese military companies, which would have subject them to a new US investment ban. But according to the people, who refused to be identified in order to speak freely, the rejection of the Treasury Secretary, Steven Mnuchin, paralyzed the plans. The Treasury, the state and the Pentagon did not immediately respond to requests for comment.
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