Trump Administration Issues New Order Clarifying Investment Ban Against Chinese Companies

By Benzinga4 days ago

AD

The outgoing President Donald Trump's administration continues to put pressure on China as it nears the end of its term. Trump issued an amended executive order that clarifies the ban on investment in companies tied to the Chinese military, Bloomberg reports.

What Happened: The amended order issued Wednesday is tied to the executive order issued in November last year that blacklisted investing in specific companies tied to the Chinese military. The original order lacked the clarity that led to a frenzy on Wall Street.

Bloomberg notes the amended order clarifies that investors have until November to sell securities in sanctioned firms considered threats by the U.S.

However, the government ...

Continue read on benzinga.com