Trump considers delisting Chinese firms from U.S. markets: sources

[Eugene]

Source: Reuters

BUSINESS NEWS SEPTEMBER 27, 2019 / 12:01 PM / UPDATED 3 HOURS AGO

Trump considers delisting Chinese firms from U.S. markets: sources

Alexandra Alper, David Lawder
6 MIN READ

WASHINGTON (Reuters) - President Donald Trump’s administration is considering delisting Chinese companies from U.S. stock exchanges, three sources briefed on the matter said on Friday, in what would be a radical escalation of U.S.-China trade tensions.

The move would be part of a broader effort to limit U.S. investment in Chinese companies, two of the sources said. One said it was motivated by the Trump administration’s growing security concerns about the companies’ activities.

Major U.S. stock indexes slipped on the news, which came days before China celebrates the 70th anniversary of the birth of the People’s Republic on Oct. 1, when the world’s No. 2 economy will shut down for a week of festivities.

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Read more: https://www.reuters.com/article/us-usa-trade-china-limits/trump-considers-delisting-chinese-firms-from-u-s-markets-sources-idUSKBN1WC1VP

[Doodley]

1. All sounds very 'socialist'--trying to control the markets...

[Kablooie]

2. How can he have all this power.?

No other president has been able to do these things.

[safeinOhio]

3. When did trump

start to worry about security?

[Farmer-Rick]

4. Oh Wal-Mart won't like that

Maybe Traitor Trump has a vendetta against the Waltons.

Many other retailers live off selling cheap Chinese goods too. Maybe this is Traitor Trump's FU to the filthy rich capitalist American oligarchs for letting him get Impeached. Or maybe Traitor Trump is clearing a path for the filthy rich Russian ooligarchs to take over.....or both.