Trump considers delisting China firms from USA markets


According to media reports on Friday, the White House had been considering the possibility of restricting capital flows into China by limiting Chinese companies from trading on United States stock exchanges.

Chinese companies listed in the US plummeted Friday on reports that the Trump administration is weighing curbs on new investment curbs on China.

Even though "trade wars are good, and easy to win", according to President Trump in March 2018, the White House now feels the need to widen the struggle with China from a dispute about traded goods and intellectual property rights into a whole new arena involving potential capital controls.

Rumors about the U.S. government delisting Chinese companies from stock exchanges had spread to the extent that caused panic in the markets.

Stocks fell on Friday as a potential restriction on USA investment in China threatened tense trade negotiations with China. However, Treasury spokesperson Monica Crowley denied any such allegations.

Investors focussed on a whistleblower report that said Trump abused his office in trying to solicit Ukraine's interference in the 2020 US election for his political benefit, and that the White House tried to "lock down" evidence about that conduct.

'Beijing should no longer be allowed to shield US-listed Chinese companies from complying with American laws and regulations for financial transparency and accountability, ' Republican Senator Marco Rubio said at the time.

NYSE declined to comment on Friday, while Nasdaq, MSCI, S&P and FTSE Russell did not immediately respond to requests for comment.

Biden decries reports about Trump's conversation with Ukraine's president
When CNN host Chris Cuomo asked if Giuliani requested that Ukraine investigate Biden, Giuliani replied, "No, actually I didn't". Trump was asked Friday if he brought up Biden in the call with Zelenskiy, and he answered, "It doesn't matter what I discussed".

But on Thursday he said China was willing to consider increased purchases of farm products and predicted that talks would lead to a resolution if both sides took more steps to improve goodwill.

China's yuan currency, traded in offshore markets, fell against the dollar after the news to trade near its weakest against the greenback in about three weeks.

The news comes amid the upcoming round of the US-China trade talks, which will be held from 10-11 October in DC.

Reportedly the United States administration is trying to reduce U.S. residents' interaction with Chinese companies.

'You never know if it's a ploy to get some leverage, ' he said.

A widening of the US-China economic conflict into the arena of capital markets has always been pushed by hawks in Washington, particularly Marco Rubio, the Republican senator from Florida, and like-minded officials within the administration. It could happen sooner than you think, ' he told reporters in NY on Wednesday.

US-China trade war: What's next?

'The US should require any securities sold in the US to adhere to US Securities Laws.