President Donald Trump told NBC’s “Meet the Press” May 4 that he “would be willing” to provide China’s ByteDance more time to divest TikTok if it can’t find a buyer by the June 19 deadline. Trump already has given ByteDance two 75-day extensions to comply with a 2024 law that requires the company to sell TikTok or face a U.S. ban on the popular social media application (see 2504040062).
The Committee on Foreign Investment in the U.S. has cleared a planned merger between North Carolina-based Piedmont Lithium Inc. and Canada-based Sayona Mining Ltd., Piedmont announced April 23. The combination also has received approval under the Investment Canada Act, as well as the U.S. antitrust law, the Hart-Scott-Rodino Act, Piedmont said. Upon completion of the transaction, which still requires shareholder approval, the merged business will be named Elevra Lithium Ltd.
The Trump administration is extending for the second time the deadline China’s ByteDance faces to comply with a 2024 law that requires the company to divest TikTok or face a U.S. ban on the social media application, President Donald Trump announced April 4.
President Donald Trump’s recently issued “America-first investment policy” memo suggests that the administration may focus potential trade negotiations with China around purchases of U.S. exports and tariff issues rather than national security issues, said Martin Chorzempa, a senior fellow with the Peterson Institute for International Economics.
Gov. Sarah Huckabee Sanders, R-Ark., introduced legislation Feb. 26 that would bar “foreign adversaries,” including China, from buying land near critical infrastructure, such as military bases and electric substations. The state legislation would "expand prohibitions" on Chinese government-linked companies’ property ownership by "preventing those companies from leasing property, owning property near critical infrastructure, and shortening the amount of time a banned company has to divest," a press release said.
Japan-based Nippon Steel Corp. is abandoning its plan to purchase U.S. Steel and is instead hoping to make a “big investment” in the American company, President Donald Trump said during a Feb. 7 press conference.
President Donald Trump directed DOJ Jan. 20 to hold off for 75 days on enforcing a law that called for China’s ByteDance to divest TikTok by Jan. 19 or face a ban of the popular social media application in the U.S.
The European Commission this week called on member states to carry out a 15-month review of ongoing and past outbound investments in the semiconductors, artificial intelligence and quantum technology sectors, which will help the bloc “assess risks to economic security potentially arising from such transactions.”
President Joe Biden’s decision to block the proposed acquisition of U.S. Steel by Japan-based Nippon Steel (see 2501030009) “creates troubling risks to the United States’ global economic standing that could only worsen in the years to come,” Sarah Bauerle Danzman, a resident senior fellow with the Atlantic Council, wrote in a blog post for the think tank last week.
The Committee on Foreign Investment in the U.S. has told U.S. Steel that it was unable to reach a consensus on the proposed acquisition of the American steelmaker by Japan’s Nippon Steel, prompting it to refer the matter to President Joe Biden to make a decision, U.S. Steel said in a statement late Dec. 23.