US Investment Restrictions Won't Name China but Will Apply Broadly, Mnuchin Says

WASHINGTON—Treasury Secretary Steven Mnuchin said that the Treasury Department's proposed investment restrictions, part of the ongoing trade battle against China, won't specifically name Beijing but will target "all countries that are trying to steal our technology."

In a tweet, Mr. Mnuchin labeled The Wall Street Journal and Bloomberg News stories on the investment restrictions as "false, fake news" based on information provided by an anonymous source who "either doesn't exist or know the subject very well."

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