茄子直播

Canada should be exempt from restrictions on foreign investment in U.S. startups: 茄子直播 expert in the National Post

President Donald Trump speaks, with Secretary of Treasury Steven Mnuchin by his side
U.S. President Donald Trump and Secretary of Treasury Steven Mnuchin during a meeting with business leaders at the White House (Jabin Botsford/The Washington Post/Getty Images)

New regulations proposed by the U.S. Treasury Department could stifle Canadian investment in U.S. startups, warns Whitney Haring-Smith, a visiting fellow at the Innovation Policy Lab at the University of Toronto鈥檚 Munk School of Global Affairs & Public Policy, in a op-ed.

Haring-Smith (pictured left), managing partner at U.S. venture capital firm Anzu Partners, outlines the potential fallout from regulations that would increase U.S. scrutiny on 鈥渘on-control鈥 or minority investments in American startups from foreign investors.
 

 He writes that while the regulations will likely allow for a small number of 鈥渆xcepted foreign states,鈥 there鈥檚 no guarantee the Trump administration will place Canada on that list.

鈥淏eyond campaign speeches and angry tweets, tariffs on Canadian steel and aluminum have been justified as part of a 鈥榥ational security threat鈥 to the United States,鈥 Haring-Smith writes. 鈥淚n this environment, nothing can be taken for granted.鈥

While the U.S. has good reason to place restrictions on investors from China or Russia, he writes, including Canada in that group could result in Canadian authorities responding in kind against U.S. investments in Canadian companies 鈥 with both countries鈥 innovation ecosystems suffering as a result.

鈥淔or the future of North American economic development, it is critical that Canada be an 鈥榚xcepted foreign state鈥 under these new rules,鈥 Haring-Smith writes.

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