shockedcanadian
Diamond Member
- Aug 6, 2012
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Someone is slowing learning.
Just as Americans shouldn't believe Canadian Creepy Ones giving you "intel", you must also not trust Communists in your system and businesses.
Italy’s government is considering plans to curb Chinese investors’ holdings at key companies to avoid tensions with the US at a time when tariffs and a strong euro are challenging Italian exporters.
Prime Minister Giorgia Meloni’s efforts would involve firms that are considered strategic, both privately held and state-controlled, Bloomberg News is reporting this week from Rome. Examples include tiremaker Pirelli, where China’s state-owned Sinochem International has a 37% holding.
Chinese diplomats have warned that trade relations may suffer if there is no consensual agreement on Pirelli, people with knowledge of those interactions said. China is one of Italy’s biggest trading partners.
Meanwhile, Washington has warned the company that its tires carrying cyber sensors could be restricted in the US, which is cracking down on software and hardware from Chinese-controlled companies in connected vehicles, fearing data harvesting.
Treasury Secretary Scott Bessent dismissed the possibility that Chinese investments in the US could be part of any trade pact between the world’s two largest economies.
Just as Americans shouldn't believe Canadian Creepy Ones giving you "intel", you must also not trust Communists in your system and businesses.
Italy’s government is considering plans to curb Chinese investors’ holdings at key companies to avoid tensions with the US at a time when tariffs and a strong euro are challenging Italian exporters.
Prime Minister Giorgia Meloni’s efforts would involve firms that are considered strategic, both privately held and state-controlled, Bloomberg News is reporting this week from Rome. Examples include tiremaker Pirelli, where China’s state-owned Sinochem International has a 37% holding.
Chinese diplomats have warned that trade relations may suffer if there is no consensual agreement on Pirelli, people with knowledge of those interactions said. China is one of Italy’s biggest trading partners.
Meanwhile, Washington has warned the company that its tires carrying cyber sensors could be restricted in the US, which is cracking down on software and hardware from Chinese-controlled companies in connected vehicles, fearing data harvesting.
Treasury Secretary Scott Bessent dismissed the possibility that Chinese investments in the US could be part of any trade pact between the world’s two largest economies.
