Trump administration shelves plans to ban investments on Alibaba, Tencent and Baidu – sources by Reuters

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.

Disclaimer: Fusion Media wishes to remind you that the data contained on this website is not necessarily accurate or in real time. All CFDs (stocks, indices, futures) and Forex prices are not provided by exchanges but by market makers, so the prices may not be accurate and may differ from the actual market price, which means that prices are indicative and not appropriate for commercial purposes. Therefore, Fusion Media assumes no responsibility for any business losses you may incur as a result of the use of this data. Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on information, including data, quotes, charts, and buy / sell signals contained on this website. Be fully informed about the risks and costs associated with trading the financial markets, it is one of the riskiest forms of investment possible.