The Daily Fuckup

President Donald Trump on July 8 issued an order requiring Suirui Group Co., Ltd. and its Hong Kong subsidiary, Suirui International Co., Limited, to divest their acquisition of Jupiter Systems, a Delaware audiovisual technology company. The order was published in the Federal Register on July 11 and says the transaction closed on February 28, 2020. ([govinfo.gov](https://www.govinfo.gov/content/pkg/FR-2025-07-11/pdf/2025-13123.pdf?utm_source=openai))

The White House acted under section 721 of the Defense Production Act, the law that gives the president authority in foreign investment cases involving national security. Treasury said the Committee on Foreign Investment in the United States reviewed and investigated the Jupiter deal and identified a risk tied to Suirui’s ownership of Jupiter, including the possibility that Jupiter’s products could be compromised in military and critical infrastructure settings. ([home.treasury.gov](https://home.treasury.gov/news/press-releases/sb0193?utm_source=openai))

The order is a reminder that CFIUS is not just a pre-closing screening process. Treasury says the committee can also identify non-notified transactions after they close, and in this case the government chose to act years after the acquisition had already been completed. That timing is what makes the move politically useful and commercially unsettling at the same time: the administration can point to a national-security record, while companies are left with a clearer sense that a deal can remain open to federal review long after the ink is dry. ([home.treasury.gov](https://home.treasury.gov/news/press-releases/sb0193?utm_source=openai))

For Suirui, the practical consequence is simple: the government wants the ownership structure unwound. For everyone else doing cross-border deals, the message is less tidy. A transaction that cleared the market in 2020 can still be forced back into the government’s hands in 2025 if CFIUS decides the security risk is serious enough. That may be a defensible use of the law. It is also a warning that foreign-investment policy in the United States can reach back far beyond the closing date and still hit hard.