White House Cuts Off Savings Fund’s Investment in China Stocks
- Kudlow and OBrien write letter to Labor Secretary Scalia
- Move comes as tensions with China rise over coronavirus, trade
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The Trump administration moved on Monday night to block investments in Chinese stocks by a government retirement savings fund.
National Economic Council Director Larry Kudlow and National Security Adviser Robert O’Brien made the administration’s wishes known in a letter to Labor Secretary Eugene Scalia, according to a person familiar with the matter.