Trump Signs Bill That Could Remove Chinese Stocks From U.S.
- Legislation could affect Alibaba Group Holding, Baidu
- Measure gives companies at least three years to comply
Donald Trump has long railed against China for what he calls unfair trading practices.
Photographer: Yuri Gripas/BloombergThis article is for subscribers only.
President Donald Trump on Friday signed legislation that could kick Chinese companies off of U.S. exchanges unless American regulators can review their financial audits, a move likely to further escalate tensions between the two countries.
The measure, which could affect corporate giants like Alibaba Group Holding Ltd. and Baidu Inc., serves as another parting shot at Beijing before Trump leaves office in January.