Comment by nsagent
4 hours ago
There is no equivalent exit ban in the US that can be instituted on a whim for regulatory or business disputes. If you want to know more, you can read up on it in this Stanford Journal of International Law publication:
"Legal Strategy for Commercial Hostage-taking and Business Exit Bans" https://law.stanford.edu/wp-content/uploads/2024/08/SJIL_60-...
Do you read the news? Whether or not to stop Nippon Steel's acquisition of U.S. Steel was being discussed everywhere. On what basis was that power?
> Nippon Steel's acquisition of U.S. Steel can be stopped by the US President based on a recommendation from the Committee on Foreign Investment in the United States (CFIUS), citing risks to national security under Section 721 of the Defense Production Act.
National security risks. Exactly what China is citing. It's literally the exact same situation.
EDIT: In fact, the US regularly stops acquisition of US companies by China https://hvmilner.scholar.princeton.edu/sites/g/files/toruqf2...
I love that there is an actual 48-page research paper on the exact comment that you were responding to and completely refutes their assertion.
What a mic drop.
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