UPDATED 5:20 PM PT – Thursday, November 12, 2020
President Trump has ramped up financial pressure on mainland China by barring Americans from investing in that country.
According to reports on Thursday, the Trump administration has enacted an executive order that prohibits Americans to invest in companies connected to the Chinese military.
EXCLUSIVE – TRUMP ADMINISTRATION IS FINALIZING EXECUTIVE ORDER TO BAN U.S. PURCHASES OR SALES OF SECURITIES IN CHINESE FIRMS WITH LINKS TO CHINA’S MILITARY-SOURCES
— *Walter Bloomberg (@DeItaone) November 12, 2020
The order bans the purchases and sales of such firm’s securities by American companies and individuals. President Trump has mounted pressure on China over its alleged meddling in U.S. elections to help Joe Biden.
The order has targeted China’s biggest companies, including in the tech and telecom sectors.
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