Trump Bans Investments in Firms Controlled by China Military
- Executive order latest White House bid to pressure China
- Order says China is ‘exploiting’ U.S. capital for its military
U.S. President Donald Trump signed an order barring American investments in Chinese firms owned or controlled by the military, the latest White House bid to pressure Beijing over what it views as abusive business practices.
China is “increasingly exploiting” American capital for “the development and modernization of its military, intelligence, and other security apparatuses,” posing a threat to the U.S., according to the executive order signed Thursday. The order prohibits investment firms and pension funds from buying and selling shares of 20 Chinese companies designated by the Pentagon as having military ties in June, as well as an additional 11 companies added in August.