It's not clear that he actually has this power. He's known to misstate things.
Also, according to the Supreme Court, SAP, Volkswagen, and Sony are entitled to due process under our Constitution. Courts make a distinction between (1) public or privately-owned enterprises, (2) state-owned enterprises that function independently of the state, and (3) state-owned enterprises that function as the alter ego of the foreign state.
Companies in the first two categories are entitled to due process under the U.S. Constitution. When it comes to China, there is a blurry line between companies and the CCP, so it's not clear where they fall here.
Also, according to the Supreme Court, SAP, Volkswagen, and Sony are entitled to due process under our Constitution. Courts make a distinction between (1) public or privately-owned enterprises, (2) state-owned enterprises that function independently of the state, and (3) state-owned enterprises that function as the alter ego of the foreign state.
Companies in the first two categories are entitled to due process under the U.S. Constitution. When it comes to China, there is a blurry line between companies and the CCP, so it's not clear where they fall here.