President Trump signed an order on Thursday barring U.S. investments in Chinese companies owned or controlled by China’s military, as he tees up a series of executive actions on school choice, immigration and other conservative priorities before Jan. 20 that would force presumptive President-elect Joseph R. Biden to work to reverse next year.
The order, which could impact some of China’s biggest companies, was necessary because Beijing is “increasingly exploiting United States capital” to develop its military and intelligence capabilities, Mr. Trump said.
“To protect the United States homeland and the American people, I hereby declare a national emergency with respect to this threat,” the president said.
It was the first of what are likely to be many executive actions before the expected inauguration in January of Mr. Biden, whom Mr. Trump has accused of being soft on China.
At the same time, Mr. Biden is planning rescind a slew of Mr. Trump’s executive orders starting on Day One