Donald Trump bans Americans from investing in companies supporting Chinese Army!
Galatta | Nov 13, 2020, 03:10 pm
The US Presidency elections have been the talk of the town in recent times. The Democratic candidate Joe Biden has been declared the winner but not everybody has accepted the decision, including the Republican Candidate and the former President Donald Trump. He has not conceded defeat and has announced that he would be going to Court and challenging the results, alleging electoral fraud. So, as of now, Donald Trump is still the President and he has used his power to sign yet another Executive Order. Trump has been openly criticising China and its policies and now his EO aims to further impose sanctions on the Asian nation!
Donald Trump's latest Executive Order has banned all Americans from investing in any company that supports the People's Liberation Army (PLA) of China. This order prohibits American investors from putting money into Chinese companies that support its military activities and this move by Trump could further escalate the already high tensions between the USA and China. Talking about this EO, National Security Advisor Robert C O'Brien said that the order was to protect American investors from unintentionally providing Capital to aid the intelligence services of the PLA and the Chinese government. His statement read, "Today, President Donald J Trump signed an Executive Order to protect American investors from funding Communist Chinese military compes, including those designated by the Department of Defense in June and August of 2020."
The statement further added that the PLA and the Chinese intelligence services routinely target American citizens and businesses through cyber operations and directly threaten the critical infrastructure, economy and military of America and its allies and partners around the world. It was also clarified that since many of these compes are publicly traded on stock exchanges around the world, individual American investors could unknowingly provide funds to the wrong people through passive investment vehicles like mutual funds and retirement plans! O'Brien also added, "President Trump has no higher priority than the security of the American people." There are reports that the Chinese fear Trump to create irreconceilable differences between the two nations that even his predecessor's hands are tied.