Free Trial

Trump Amends Order On Chinese Military Co. Ban, Divestment Req. (RTRS)

US-CHINA

President Donald Trump has signed an amended version of an executive order that bans U.S. investments in alleged Chinese military companies, the White House said on Wednesday.

  • The changes strengthen the initial order by requiring Americans to completely divest their holdings of securities of the blacklisted companies effective Nov. 11, 2021.
  • In the initial version of the order released last November, U.S. investors were only restricted from buying those securities by that date. Reuters had previously reported that the change was under consideration.
  • Wikipedia notes that "Presidential executive orders, once issued, remain in force until they are canceled, revoked, adjudicated unlawful, or expire on their terms. At any time, the president may revoke, modify, or make exceptions from any executive order, whether the order was made by the current president or a predecessor."
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.