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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
EM BulletFixed Income BulletsPolitical RiskPolitical Risk BulletBulletMarketsEmerging Market NewsForeign Exchange Bullets
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
EM BulletFixed Income BulletsPolitical RiskPolitical Risk BulletBulletMarketsEmerging Market NewsForeign Exchange Bullets

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