Economy

Trump administration expected to mull expansion of China investment ban-sources

By Alexandra Alper, Humeyra Pamuk and Mike Stone

WASHINGTON (Reuters) – Trump administration officials plan to meet on Thursday to discuss proposed changes to an executive order banning U.S. investment in Chinese companies believed to have military ties, five people familiar with the matter said.

The order has spurred confusion among investors and firms seeking to comply.

One change that is likely to be discussed is a draft amendment that would clarify that U.S. investors must completely divest their positions in the blacklisted companies by Nov. 11, 2021, according to two of the sources.

If approved, the proposed change would dramatically broaden the scope of the directive, which now states only that U.S. investors must stop buying securities of the blacklisted companies by that date.

It was not clear if any final decisions would be made at the meeting, which will include officials from the State, Treasury and Defense Departments.

State, Treasury and DoD did not immediately respond to requests for comment.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s