US Senate Minority Leader Chuck Schumer has called on President Donald Trump to block Chinese investments in the United States in an attempt to force Beijing “to help rein in North Korea’s threatening and destabilizing behavior.”
Schumer made the remarks in a letter to Trump on Tuesday, urging the US president to use his authority through the Committee on Foreign Investment in the United States (CFIUS) to pressure China by suspending approval of “all mergers and acquisitions in the US by Chinese entities.”
“It is my assessment that China will not deter North Korea unless the United States exacts greater economic pressure on China,” the top democrat noted. “The US must send a clear message to China’s government.”
However, John Cornyn, a prominent Republican on the Senate Intelligence Committeeو rebuffed Schumer’s proposal, arguing that the CFIUS was not the right tool for the purpose.
“That’s not specifically the purpose of CFIUS….