Donald Trump signs $717bn annual defence policy bill into law

Donald Trump signs $717bn annual defence policy bill into law

In the two previous years, the NDAA was signed into law in December, months into the new fiscal year. In honor of that sacred obligation, I will put my signature on the National Defense Authorization Act", said the US President.

In a separate statement earlier on Tuesday, China's commerce ministry said it would conduct a comprehensive assessment of the bill, which includes watered-down controls on United States government contracts with China's ZTE and Huawei Technologies.

The White House opposed putting stronger measures against the companies in the bill, and the measures were softened before lawmakers held their final vote.

Congress named the legislation for Senate Armed Services Committee Chairman John McCain, Arizona Republican, who is battling brain cancer., who has feuded with Mr. McCain for most of his presidency, didn't mention him during his remarks.

The John S. McCain National Defence Authorisation Act - named after the Arizona senator, who is battling brain cancer - broadens the scope of the committee that reviews foreign investments in the USA for national security concerns.

However, Trump paid no heed to the ailing senator as he simply termed the bill the "National Defence Authorization Act" at Fort Drum, the CNN reported.

It was seen as targeting China, which yesterday said the measure exaggerated Sino-US antagonism and that Beijing would take a close look at aspects that beef up the role of the CFIUS.

US, Europe stocks fall on Turkish lira concerns
The situation is not only creating a potential regional crisis, but it's also deepening a rift between Turkey and the U.S. Overall, the duties will amount to $533 million, a relatively small sum meant as retaliation for U.S.

The Bill also directs the Secretary of Defence to study whether Turkey's planned deployment of the Russian-made S-400 missile defence system will risk the security of several US-made weapons used by Turkey, including the F-35 jet.

Prior to the ceremony Trump watched an air assault demonstration by USA troops at Fort Drum.

In a statement on its website, the ministry said that the U.S. should treat investors with objectivity and fairness.

"The governments of the two countries should listen to the voices of the companies, and provide a good environment and stable expectations".

Moreover, the bill sets "long-term strategic competition with China" as the United States' "principal priority".

Wu called on the United States to adhere to the one-China principle and the stipulations in the three joint communiques between China and the United States, and handle Taiwan-related issues prudently, so as to avoid damaging China-US relations, the military ties or the peace and stability across the Taiwan Strait.

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