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Related: About this forumTrump considers delisting Chinese firms from U.S. markets: sources
Source: Reuters
BUSINESS NEWS SEPTEMBER 27, 2019 / 12:01 PM / UPDATED 3 HOURS AGO
Trump considers delisting Chinese firms from U.S. markets: sources
Alexandra Alper, David Lawder
6 MIN READ
WASHINGTON (Reuters) - President Donald Trumps administration is considering delisting Chinese companies from U.S. stock exchanges, three sources briefed on the matter said on Friday, in what would be a radical escalation of U.S.-China trade tensions.
The move would be part of a broader effort to limit U.S. investment in Chinese companies, two of the sources said. One said it was motivated by the Trump administrations growing security concerns about the companies activities.
Major U.S. stock indexes slipped on the news, which came days before China celebrates the 70th anniversary of the birth of the Peoples Republic on Oct. 1, when the worlds No. 2 economy will shut down for a week of festivities.
-snip-
Trump considers delisting Chinese firms from U.S. markets: sources
Alexandra Alper, David Lawder
6 MIN READ
WASHINGTON (Reuters) - President Donald Trumps administration is considering delisting Chinese companies from U.S. stock exchanges, three sources briefed on the matter said on Friday, in what would be a radical escalation of U.S.-China trade tensions.
The move would be part of a broader effort to limit U.S. investment in Chinese companies, two of the sources said. One said it was motivated by the Trump administrations growing security concerns about the companies activities.
Major U.S. stock indexes slipped on the news, which came days before China celebrates the 70th anniversary of the birth of the Peoples Republic on Oct. 1, when the worlds No. 2 economy will shut down for a week of festivities.
-snip-
Read more: https://www.reuters.com/article/us-usa-trade-china-limits/trump-considers-delisting-chinese-firms-from-u-s-markets-sources-idUSKBN1WC1VP
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Trump considers delisting Chinese firms from U.S. markets: sources (Original Post)
Eugene
Sep 2019
OP
Doodley
(8,976 posts)1. All sounds very 'socialist'--trying to control the markets...
Kablooie
(18,571 posts)2. How can he have all this power.?
No other president has been able to do these things.
safeinOhio
(32,531 posts)3. When did trump
start to worry about security?
Farmer-Rick
(10,072 posts)4. Oh Wal-Mart won't like that
Maybe Traitor Trump has a vendetta against the Waltons.
Many other retailers live off selling cheap Chinese goods too. Maybe this is Traitor Trump's FU to the filthy rich capitalist American oligarchs for letting him get Impeached. Or maybe Traitor Trump is clearing a path for the filthy rich Russian ooligarchs to take over.....or both.