NEW YORK -- The Biden administration's long-expected outbound screening mechanism for U.S. investment in China continues to be delayed as the White House tries to get key allies on board while navigating domestic pushback in Congress and on Wall Street.
US-China tensions
Biden executive order on investments in China faces hurdles
Congress and Wall Street push back, while work with key allies remains to be done
U.S. President Joe Biden attends a cabinet meeting. The administration plans to issue an executive order on screening outbound investments in China. © Reuters
Read Next
Latest on US-China tensions
