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Stillwater transaction to test Trump team’s appetite for China deals

Even as President Donald Trump and President Xi Jinping of China met for the first time to try to sort out their complex relationship, Trump’s administration is reviewing attempts by China to buy sensitive US companies and in one case is actively trying to thwart a deal.

The Trump administration is scrambling to make sure Westinghouse Electric’s nuclear business doesn’t fall into Chinese hands. It also has national security concerns about several other deals in the pipeline that involve Chinese investors.