Trump bars U.S. investments in Chinese military-linked firms
By: By GAVIN BADE - POLITICO
S E E D E D C O N T E N T
Trump bars U.S. investments in Chinese military-linked firms
The executive order is one in a series of last-minute actions the Trump administration is expected to take before President-elect Joe Biden takes office.
President Donald Trump speaks in the briefing room at the White House. | Chip Somodevilla/Getty Images
The Trump administration on Thursday signed an executive order barring Americans from investing in a group of Chinese companies that the White House says support the country’s military.
Who’s barred : The Defense Department earlier this year released a list of 31 firms it believes are tied to the Chinese military, including telecom giants Huawei and China Telecom, as well as infrastructure, energy and surveillance device firms.
When it happens: After Jan. 11, 2021, any investment from an American person or entity in those companies or others identified by the DOD and Treasury Department would be prohibited.
Why do it: The move is necessary, the White House said, because China funds its military in part by selling stock in these companies in U.S. financial markets.
“In that way, the [Chinese government] exploits United States investors to finance the development and modernization of its military,” the order reads.
Why now: The executive order is one in a series of last-minute actions the Trump administration is expected to take before President-elect Joe Biden takes office on Jan. 20. Other potential areas for action include immigration, health care and school choice.
What’s next: It’s unclear how Biden will deal with this and other last-minute Trump moves. His transition team declined to comment on the order.
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The Asshole-in-Chief is so fucking afraid of China it's a wonder to me that 70 million Americans wanted him to be their leader. What's he going to do next? Throw all the Chinese-Americans into internment camps?
You cannot be [serious....deleted]
If that were considered so important, why did the Pied-Piper wait until now to do so? Obviously it's just to throw obstacles into Biden's path in taking over the helm, which makes me emphasize my calling him the Asshole-in-Chief.
It appears to me that Trump isn't the ONLY person that is afraid of China.
By the way, China has now congratulated Joe Biden and Kamala Harris on their victory.
By the way, China has now congratulated Joe Biden and Kamala Harris on their victory.
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Deemed offensive (administrator)
This seed is now locked for the (my) night, and will be unlocked for civil comments in about 10 hours from now.
As promised, now unlocked and open for civil comments.