Schumer urges Trump to pressure China
Senate Democratic Leader Chuck Schumer told Trump in a letter this week that "to help rein in North Korea's threatening and destabilizing behavior," you need to pressure China economically, per Reuters.
It's the first time Schumer has asked Trump to go after Chinese investment in the U.S., WSJ reports.
Schumer wants Trump to suspend approval of "all mergers and acquisitions in the U.S. by Chinese entities" through his authority via the Committee on Foreign Investment in the United States (CFIUS), which approves acquisitions of U.S. companies by foreign entities. Congress and the White House are already planning to work with CFIUS, per National Counterintelligence Executive William Evanina.