Trump Bans Americans From Investing In Companies That Support China's Military

https://www.forbes.com/sites/jonathanponciano/2020/11/12/trump-bans-americans-from-investing-in-companies-that-support-chinas-military/?sh=33fe04267470

The Trump Administration issued an executive order on Thursday afternoon that effectively bans Americans from investing in Chinese companies that support China's military, in a move that further escalates already high tensions between the world's two largest economic superpowers.

The executive order explicitly prohibits anyone in the United States from making investments in Chinese firms deemed by the Trump Administration as owned or controlled by the Chinese military.

The order goes into effect on January 11 and specifically targets 31 Chinese firms that the Department of Defense identified as "Communist Chinese military companies" in June and August.

That list includes popular smartphone-maker Huawei, as well as China Telecom Corp and China Mobil, both of which trade on the New York Stock Exchange with market caps of nearly $29 billion and $106 billion, respectively.

President Trump’s order also bars U.S. investors from owning or trading any securities that are derived from–or even exposed to–those firms, meaning investments in pension funds or exchange-traded funds holding shares of the off-limits companies are also banned.

The president declared a national emergency to facilitate the order, saying China’s military “compels the civilian Chinese companies to support its military and intelligence activities” and therefore constitutes “an unusual and extraordinary threat” to domestic national security.

My comment. How many days or maybe hours before China announces they will cut rare earths supply to the US?