Trump White House Considering Blocking All Investment in China: Report


Trump administration officials reportedly discussed further restrictive economic pressure toward China this week, as the trade war rages on between the United States and Asia’s leading economic powerhouse.

An anonymous source familiar with the situation told CNBC the White House is currently considering restricting, if not entirely blocking, U.S. investments in Chinese companies for the foreseeable future.

The moratorium would likely apply to all private investments in the nation, seeking to hedge against American losses that may come as a result of poor “regulatory supervision” by the Chinese government.

Blocking Chinese companies from listing on U.S. stock exchanges is also being considered, Bloomberg reported.

These discussions are deemed to be in the “preliminary stages,” and the administration has yet to make its final determinations.

Trump Jr. Thinks He Knows Exactly Why the DOJ Chose Thursday to Indict His Dad: 'Do You Really Think That's a Coincidence?'

But there is reason to believe a decision could be broached relatively soon, as the source also suggested President Donald Trump and economic advisers have been seeking more opportunities for leverage against China with the next set of trade negotiations fast approaching.

Renewed negotiations between Trump and Chinese Vice Premier Liu He will take place in Washington early next month, the Associated Press reported.

Talks are slated to begin Oct. 10, three sources familiar with the situation confirmed to CNBC earlier this week.

Do you think Trump should halt U.S. investment in China?

According to Bloomberg, the U.S. stock market sank amid initial reports of the Trump administration’s latest plan with regard to the trade war.

The pressure was felt in spades by Chinese firms traded in the U.S., many of whom suffered more than 5 percent tumbles this week.

Chinese currency also suffered, CNBC reported, dropping to 7.15 against the U.S. dollar.

Still, China stands to suffer even more dramatic loses if the administration pursues the total restrictive action proposed this week,

Revealed: Congress Didn't Get the Truth from Biden's Energy Secretary

According to the National Committee on U.S.-China Relations, American foreign direct investment in China totals roughly $14 billion dollars annually.

Truth and Accuracy

Submit a Correction →

We are committed to truth and accuracy in all of our journalism. Read our editorial standards.

, , , , , ,
Andrew J. Sciascia was the supervising editor of features at The Western Journal. Having joined up as a regular contributor of opinion in 2018, he went on to cover the Barrett confirmation and 2020 presidential election for the outlet, regularly co-hosting its video podcast, "WJ Live," as well.
Andrew J. Sciascia was the supervising editor of features at The Western Journal and regularly co-hosted the outlet's video podcast, "WJ Live."

Sciascia first joined up with The Western Journal as a regular contributor of opinion in 2018, before graduating with a degree in criminal justice and political science from the University of Massachusetts Lowell, where he served as editor-in-chief of the student newspaper and worked briefly as a political operative with the Massachusetts Republican Party.

He covered the Barrett confirmation and 2020 presidential election for The Western Journal. His work has also appeared in The Daily Caller.