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Trump Strengthens Ban on US Investments in Chinese Military Companies

China China-US News Chinese military Politics President Donald Trump Trump Administration US US News

Trump Strengthens Ban on US Investments in Chinese Military Companies

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President Donald Trump signed an order late Wednesday requiring U.S. investors to completely divest their holdings of securities of Pentagon-blacklisted Chinese military companies by Nov. 11, 2021. The amendment order expands the scope of the initial November executive order (E.O.) 13959, which initially only restricted U.S. investors from buying securities of companies designated by the Pentagon as owned or controlled by the Chinese military by Nov, 11, 2021. “[A]ny transaction entered into on or before 11:59 p.m. eastern standard time on November 11, 2021, solely to divest, in whole or in part, from securities that any United States person held as of 9:30 a.m. eastern standard time on January 11, 2021, in a Communist Chinese military company … is permitted. Effective at 11:59 p.m. eastern standard time on November 11, 2021, possession of any such securities by a United States person is prohibited,” the order reads. The executive order Trump issued in …

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