Home NEWS Trump administration bolsters order barring US investment in Chinese firms

Trump administration bolsters order barring US investment in Chinese firms

0
Trump administration bolsters order barring US investment in Chinese firms

WASHINGTON — The Trump administration on Monday strengthened an executive order barring U.S. investors from buying securities of alleged Chinese military-controlled companies, following disagreement among U.S. agencies about how tough to make the directive.

The Treasury Department published guidance clarifying the executive order, released in November, would apply to exchange-traded funds and index funds as well as subsidiaries of Chinese companies designated as owned or controlled by the Chinese military.

The “frequently asked questions” release, posted on the Treasury website on Monday, came after Reuters and other news outlets reported that a debate was raging within the Tr…

Keep on reading: Trump administration bolsters order barring US investment in Chinese firms