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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsWhite House deliberates block on all US investments in China
The White House is weighing some curbs on U.S. investments in China, a source familiar with the matter told CNBC. This discussion includes possibly blocking all U.S. financial investments in Chinese companies, the source said.
Its in the preliminary stages and nothing has been decided, the source said. Theres also no time frame for their implementation, the source added.
Restricting financial investments in Chinese entities would be meant to protect U.S. investors from excessive risk due to lack of regulatory supervision, the source said.
The deliberations come as the U.S. looks for additional levers of influence in trade talks, which resume on Oct. 10 in Washington. Both countries slapped tariffs on billions of dollars worth of each others goods. The discussions also come as the Chinese government is taking steps to increase foreign access to its markets.
Bloomberg News first reported earlier on Friday that Trump administration officials are considering ways to limit U.S. investors portfolio flows into China, including delisting Chinese companies from American stock exchanges and preventing U.S. government pension funds from investing in the Chinese market.
https://www.cnbc.com/2019/09/27/white-house-deliberates-block-on-all-us-investments-in-china.html
Coventina
(27,058 posts)If US investors stop investing in China, then China retaliates by no longer shipping us their goods.
We don't make anything here anymore.
Stuff would get expensive, and very quickly!
NCLefty
(3,678 posts)and show he can be an effective president and not just a corrupt one.
Only an impeachment inquiry doesn't go away.
I hope China lets him twist in the fucking wind and that they're not of the mind that they would benefit more by having him hurt America for another 4 years. :/
htuttle
(23,738 posts)Are you listening, Wall Street?
beachbumbob
(9,263 posts)China has so many other cards they can play against trump and the US
Claritie Pixie
(2,199 posts)Yesterday, there was a report he talked to China about Biden too. If they brushed him off, this trade bullshit could very well be his way to get back at them.