Urgent.News

What's breaking now, across thousands of outlets.

Finance & Markets

Trump signs order banning some foreign equipment from US energy grid

Trump signs order banning some foreign equipment from US energy grid

President Donald Trump has signed an executive order declaring a national emergency and banning the use of certain foreign equipment in the U.S. electricity grid. The White House cited an "unusual and extraordinary foreign threat" posed by foreign-made bulk-power systems, which could present national security vulnerabilities. This move comes as part of Washington's approach to addressing technology threats posed by China, with similar actions taken by the European Commission earlier this year to ban Chinese-made inverters from publicly funded energy projects.

The order specifically targets certain foreign-produced bulk-power system electric equipment, including associated critical software and digital capabilities that could pose cybersecurity or operational risks.

Brief written by urgent.news from Investing.com's own syndicated text. Machine-written — may contain errors; check the original before relying on it.

This story

This is one outlet's version. Read the fullest account.

Read the original at investing.com →

More in Finance & Markets

Dow Movers: MRK, CRM

In early trading on Thursday, shares of Salesforce topped the list of the day's best performing Dow Jones Industrial Average components, trading up 15.7%.

S&P 500 Movers: HPQ, VEEV

In early trading on Thursday, shares of Veeva Systems topped the list of the day's best performing components of the S&P 500 index, trading up 17.6%.

Nasdaq 100 Movers: DASH, CRWD

In early trading on Thursday, shares of CrowdStrike Holdings topped the list of the day's best performing components of the Nasdaq 100 index, trading up 15.3%.

More from Thursday 27 August →