President Donald Trump plans several new hard-line moves against China in the remaining weeks of his term, Axios reported, citing senior administration officials they didn’t identify. Trump may announce sanctions or trade restrictions against more Chinese companies, government entities or officials, citing human rights violations or threats to U.S. national security, according to the report. Tougher moves against China have been expected in the waning weeks of Trump’s administration. That assessment followed Trump’s executive order on Thursday barring American investments in Chinese firms owned or controlled by the military. The order prohibits investment firms and pension funds from buying and selling shares of 20 Chinese companies designated by the Pentagon as having military ties in June, as well as an additional 11 companies added in August, Axios reported.

Source: Mint November 15, 2020 23:37 UTC