Cornyn: Administration is prepping Chinese investment restrictions to 'ensure reciprocity'

Senator John Cornyn (R-TX) at the top of a Senate Finance trade subcommittee hearing Wednesday said the Trump administration is trying to fashion investment restrictions on China in a way that ensures Chinese companies receive “reciprocal” treatment when looking to invest in the U.S., a move that he said would compensate for inadequate authority possessed by the Committee on Foreign Investment in the United States. President Trump at the end of March ordered Treasury Secretary Steven Mnuchin to draft recommendations...