White House Update

White House considers “delisting” Chinese firms from US Stock Exchange

Rumors have been swirling around for several months that the Trump Administration is considering a two-pronged strategy to further push China to the bargaining table, regarding the current “trade war.”

According to a report on Tuesday by Bloomberg News, the White House is discussing the possibility of blocking government pension funds from investing in China, and even more drastic weighing the possibility of “delisting” Chinese companies from the American stock exchanges.

The latter was also first reported by Bloomberg last month that officials within the Trump Administration had been weighing delisting Chinese companies from American stock exchanges. At the time the Treasury Department denied the report.

White House adviser Peter Navarro then told CNBC the reports were “fake news;” however, people familiar with the matter told Bloomberg News that Trump officials had indeed been deliberating on how to proceed.

Moreover, aside from perhaps prodding China to come to the bargaining table, the move is also seen as protecting American investors from China’s dubious trading practices. In that Chinese firms appearing on the American Stock Market, are not subject to the same regulatory supervision mandated by other firms. Thus restricting investments in Chinese entities would also protect U.S. investors from excessive risk.

That acknowledgment came from National Economic Council director Larry Kudlow last week during a policy meeting with officials from the National Security Council and the Treasury Department.

However, the question as to why Chinese firms trading in the U.S. Stock Market are exempt from being scrutinized like other firms should be a cause of great concern for investors, moreover calling into question the integrity of the market in general.

Trade talks between the U.S. and China are set to resume on Thursday, with second-tier officials on both sides setting the preliminary groundwork in Washington to hopefully discuss and resume trade talks, which have been stalled lately. Thus far the Trump Administration has slapped China with billions of dollars of additional tariffs on goods coming into the United States.

However, the biggest threat to the United States aside from China’s unfair trade practices, along with denying access to their industries, is China’s notorious theft of intellectual property (IP), the United States has made a concerted effort in preventing Chinese companies from gaining entry into the U.S.’s strategic industries and has cracked down on China’s IP theft.

Delisting Chinese companies would affect billions of dollars in investment pegged to major indexes, just as the Chinese government is taking steps to increase foreign access to its markets.

In response to the reports, Nasdaq said, “One critical quality of our capital markets is that we provide non-discriminatory and fair access to all eligible companies. The statutory obligation of all U.S. equity exchanges to do so creates a vibrant market that provides diverse investment opportunities for U.S. investors.”

The exact details of “if” and “when” the President will pull-the-trigger has yet to be decided, however a source close to the White House familiar with the matter has said the President had already “green-lighted” the decision to move forward.

The rumors concerning delisting Chinese stocks along with blocking government pension funds from investing in China sent Chinese stock plummeting on Friday.

Alibaba shares dropped 5% while two other popular Chinese stocks Baidu and JD.com fell 3.6% and 6% respectively. Those stocks all trade on the Nasdag.

The President also signed a limited trade-deal with Japan on Monday, which helped win back benefits American farmers lost when Trump pulled out of a broader Asia-Pacific pact his first week in office.

The deal also puts added pressure on China to once again negotiate a far trade deal, in that Japan is the third leading world economy behind the United Sates and China,

YOU MIGHT LIKE
Categories
White House Update
13 Comments on this post.
  • wayne weaver
    10 October 2019 at 3:39 pm
    Leave a Reply

    Give them dental floss and there blind but show them our money and man they can see . So let TRUMP SHOW THERE BLIND ASS TO THE TABLE .

  • Martin Shaw
    10 October 2019 at 4:13 pm
    Leave a Reply

    Get China out of Americans markets and America business. We can take the short term pain for a free America. We do not need China. They must be removed from the WTO. They will never change .

  • Prof. Richard
    10 October 2019 at 4:39 pm
    Leave a Reply

    I assume that any of the companies that produces goods for Trump and his family’s businesses will be included. Clearly Trump is the problem, not China. His removal from office is the only thing that will save us; that, God, and perhaps a voting public with at least a modicum of common sense.

    • Cliff Edgewood
      19 November 2019 at 7:45 pm
      Leave a Reply

      Prof. Richard, President Trump is not the problem. He may not be the ideal solution but if we continue to follow the path laid out since at least WWII then we go off the cliff. We may anyway.

  • Michael Wilson
    10 October 2019 at 5:16 pm
    Leave a Reply

    China has been feeding off the US economy for way too long. These moves may hurt the US in the short run but it is going to be great in the long run. Business as usual with the Chinese is about to cease and I for one am glad.

  • Elisabeth Crowell
    10 October 2019 at 8:43 pm
    Leave a Reply

    The middle men in the US are responsible for the huge import of Chinese goods.
    YES Delist China from our stock market.

  • William Moore
    10 October 2019 at 10:40 pm
    Leave a Reply

    Screw these disgusting enemies of America. Time to put these bastards in their place. Really, we don’t need china! Just what has china done for America in their trade relationship with us? I’m waiting for an answer but i won’t hold my breath. Too late, We get substandard crap and foodstuffs unfit for human or animal consumption. And what has china gotten in return, favored trading partner status and a lot of other concessions we don’t extend to our enemies and if there’s an enemy to be wary of, it’s china. These no good bastards have not only stolen millions of good paying American jobs but our technology as well. Time to deal with these no good for anything anti American bastards like we should have been dealing with them for years, with an iron fist.

  • Raymond D Babcock
    10 October 2019 at 11:12 pm
    Leave a Reply

    America should disengage China from are markets. China is a communist country were every thing is owned by the state. This includes the thoughts in your head. If you invent some thing it belongs to the state.

  • Sid stringer
    11 October 2019 at 3:50 am
    Leave a Reply

    China had unprecedented access to classified E-Mails through clinton. Their ability to screw America out of intelligence information should be cause enough to eliminate them from any of our markets.

  • Jerry Branson
    14 October 2019 at 12:10 am
    Leave a Reply

    When I left Idaho for Virginia I made a point of learning names and left race out of my vocabulary. I made an effort to talk to people oof otehr races, first in teh miltary nd rhen with citizens I encountered.To this dayI continue that practice. As a result of using comedy as an introduction, I do not have any problems with people of any rqce or background.I engaged with common people in the farm country as I sought to purchase local foods. This worked out well and I continue that practice to this day.

  • JerryBranson
    14 October 2019 at 12:14 am
    Leave a Reply

    When I went from Idaho to Virginia in the 1850’s I made it a point to begin conversations with humor. I still do that. I learn names and avoid race.

  • Jo Ann
    17 October 2019 at 4:37 pm
    Leave a Reply

    Sue Nancy & her puppet Shifty Schiff.

    • Elizabeth Estrada
      23 May 2020 at 6:31 am
      Leave a Reply

      The only thing we want from the CHINESE GOVT…They need to PAY MONETARY DAMAGES to the VICTIMS and FAMILIES for PAIN and SUFFERING..LOST WAGES…FRAUD…etc THEY OWE A LOT of PEOPLE..WORLD WIDE.DON’T EVER TRUST THEM or TERRORISTS. THEY BOTH have BLOOD on their HANDS. GOD will get VENGEANCE when the TIME COMES. GOD wears a WHITE HOODED ROBE. Only those who make it to HEAVEN will see the FACE of GOD. From SamuraiQueen aka CHIAKIA.

    Leave a Reply

    • The Biden Border Wall April 9, 2021
      Believe it or not, Biden Administration officials are thinking about resuming border wall construction along the US-Mexico border. “I think it’s great that they reversed themselves, but a lot of damage was done because we were gonna have that wall almost complete. You know, it delayed two and a half years because of lawsuits,” said […]
    • Biden’s New Executive Orders on Gun Control April 9, 2021
      President Biden announced six executive orders that aim to address what he calls the ongoing "gun violence public health epidemic" in America. One of the incoming actions will be regulation of "ghost guns" — makeshift weapons that can be assembled at home or ones without a serial number. Biden's executive orders come almost 80 days […]
    • Will Andrew Giuliani Replace Andrew Cuomo? April 9, 2021
      Andrew Giuliani, a former top aide to President Donald Trump and the son of former New York City Mayor Rudy Giuliani, is "heavily considering" running for governor of New York against current governor Andrew Cuomo in 2022. "I plan to run," the 35-year-old said, adding that "outside of anybody named Trump," he thinks he has […]
    • Violent Axe-wielding Antifa Protester Arrested and Released Twice April 8, 2021
      Rangers from the Portland Parks and Recreation department were threatened by an Antifa protester carrying an axe and a paintball gun in downtown Portland. The man initially assaulted a bicyclist. He was arrested for multiple violent crimes, released, and then arrested again within 48 hours. Randy Allen Graves, 32, is facing numerous felonies and over […]
    • Biden Administration Stops Construction of “Racist” Highway April 6, 2021
      The Biden administration is pausing the construction of a major highway expansion in Houston, Texas, claiming that the project is racist and harmful to the environment. The project, which has been years in the making, was going to widen certain sections of Interstate 45. But the Department of Transportation invoked the Civil Rights Act of […]
    • Should You Boycott Delta Airlines? April 5, 2021
      I cannot participate in a boycott of Delta Airlines for becoming too political – in opposition to my views, of course.  That is because I avoid flying Delta like a plague – more than the current pandemic, in fact.  My avoidance is not political.  It is based on two factors – service and safety. I […]
    • Biden Turning Out to be the Liar-in-Chief April 5, 2021
      President Biden has never had a reputation for personal integrity. His history is marked with serious accusations of plagiarism – one so serious that he had to drop out of the 1987 presidential campaign. He has told audacious lies about his schooling. Biden claimed to be in the top quarter of his law class when […]
    • Why The Left Is Now Canceling Obama April 2, 2021
      Barack and Michelle Obama are the latest victims of cancel culture. Latino activists in the suburbs of Chicago are protesting the renaming of a local middle school after the 44th president of the United States because of his immigration policies. The issue was brought up earlier this week at a meeting at the Waukegan, Illinois […]
    • George Floyd’s Girlfriend Testifies That He Overdosed Months Before Death, Was With Drug Dealer During Arrest April 2, 2021
      George Floyd’s girlfriend, Courteney Ross, discussed her deceased partner's history of drug abuse and battle with addiction in court on Thursday. Ross testified about how she met Floyd and their shared struggle with addiction and drug abuse. Her testimony comes as former Minneapolis Police Officer Derek Chauvin is on trial for second-degree murder, third-degree murder, […]
    • Why Nursing Home Staff Are Not Getting Vaccinated April 1, 2021
      Up to 50% of nursing home staff in the United States have not received the COVID vaccine despite a federal pharmacy partnership that delivered roughly 8 million doses to more than 63,000 nursing homes and other long-term-care facilities.  In states like Arkansas, West Virginia, and South Dakota, that percentage falls to less than 33%. “We […]