White House trade adviser Peter Navarro said that the U.S. Treasury Secretary and the U.S. Trade Representative Office are actively engaging with China, but will soon announce investment restrictions on China. It is likely that the U.S. will take the second move in its economic and trade actions against China. On March 27, Bloomberg reports that the U.S. considers using the "International Emergency Economic Power Act" to contain China's acquisition of sensitive technology in the U.S. and will prohibit Chinese companies from investing in semiconductors and 5G wireless communications.