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Trump bans U.S. investors from investing in some military-related Chinese companies in final struggle before stepping down

Posted by: Yoyokuo 2022-11-07 Comments Off on Trump bans U.S. investors from investing in some military-related Chinese companies in final struggle before stepping down

According to Reuters, the Trump administration on November 12 issued an executive order barring U.S. companies from investing in some Chinese companies, restricting those “owned or controlled by the Chinese military.”

Trump is currently dealing with the issue of losing the election. He lost at least 5 million votes to Biden in the popular vote. According to the rules, he will move out of the White House on January 20, 2021 to complete the transition of power. Before leaving the stage, there is such a move, is it the last struggle?

Screenshot from Reuters website

According to a Reuters analysis, the Trump administration’s executive order may affect some major Chinese companies, including China Telecom, China Mobile, and Hikvision.

The executive order would block U.S. investment firms, pension funds, and others from buying and selling shares in 31 Chinese companies designated by the U.S. Department of Defense in early 2020 and believed by the Trump administration to be backed by the Chinese military, or Chinese for short. “Army”. The order will take effect on January 11, 2021.

White House trade adviser Peter Navarro estimates that at least $5 trillion in U.S. capital markets comes from Chinese companies and their subsidiaries.

The order is the Trump administration’s first major policy move since losing the Nov. 3 election to Democratic rival Joe Biden, and while busy challenging the outcome, Trump seeks to take action on China, or It is to show voters that he is the president who is really tough on China, but many analysts have pointed out that Trump’s judicial challenge to the election results has little chance of success. At the same time, some court records show that Trump The content of the communication between Pu’s lawyer team and the judge is very ridiculous.

Trump’s resignation seems inevitable, but the further damage he can cause before he steps down deserves the vigilance of people, including the Chinese.

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