Author Topic: Trump administration bolsters order barring U.S. investment in Chinese firms  (Read 361 times)

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Online libertybele

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All these things Trump is doing now and in the past will be overturned by Sloe Joe anyways.

Trump administration bolsters order barring U.S. investment in Chinese firms

The Trump administration on Monday strengthened an executive order barring U.S. investors from buying securities of alleged Chinese military-controlled companies, following disagreement among U.S. agencies about how tough to make the directive.

The Treasury Department published guidance clarifying that the executive order, released in November, would apply to investors in exchange-traded funds and index funds as well as subsidiaries of Chinese companies designated as owned or controlled by the Chinese military.

The “frequently asked questions” release, posted on the Treasury website on Monday, came after Reuters and other news outlets reported that a debate was raging within the Trump administration over the guidance. The State Department and the Department of Defense had pushed back against a bid by Treasury Department to water down the executive order, a source said.

Secretary of State Mike Pompeo said Monday that the announcement “ensures U.S. capital does not contribute to the development and modernization of the People’s Republic of China’s (PRC) military, intelligence, and security services.”

“This should allay concerns that U.S. investors might unknowingly support (Chinese military-controlled companies) via direct, indirect, or other passive investments,” he added.

Specifically, some media outlets reported that Treasury was seeking to exclude Chinese companies’ subsidiaries from the scope of the White House directive, which bars new purchases of securities of 35 Chinese companies that Washington alleges are backed by the Chinese military, starting in November 2021. .........

https://www.oann.com/trump-administration-bolsters-order-barring-u-s-investment-in-chinese-firms/
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Offline catfish1957

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Pedo joe has the gold plated "open for business" sign all shined up and ready for the Chicoms.
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