News | 05.29.19
The Trade War's Next Battle Could Be China's Access to Wall Street
The U.S. trade war with China has prompted a broad rethinking of how the two economies have become so intertwined and led to a closer scrutiny of financial markets. Some trade experts and others urging the Trump administration to keep a hawkish stance are discussing whether the White House should curb China's access to Wall Street. In a letter in April, a bipartisan group of senators urged the administration to increase disclosure requirements for Chinese companies listed in the United States that pose national security risks or are complicit in human rights abuses. “Americans would likely be very troubled, if not outraged, to learn that their retirement and other investment dollars are funding Chinese companies with links to the Chinese government's security apparatus and malevolent behavior,” the letter read.
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