Trump administration to bar Americans from investing in Chinese firms

U.S. President Donald Trump looks on during an event. (Photo by Drew Angerer/Getty Images)

OAN Newsroom
UPDATED 5:20 PM PT – Thursday, November 12, 2020

President Trump has ramped up financial pressure on mainland China by barring Americans from investing in that country.

According to reports on Thursday, the Trump administration has enacted an executive order that prohibits Americans to invest in companies connected to the Chinese military.

The order bans the purchases and sales of such firm’s securities by American companies and individuals. President Trump has mounted pressure on China over its alleged meddling in U.S. elections to help Joe Biden.

The order has targeted China’s biggest companies, including in the tech and telecom sectors.

MORE NEWS: Maricopa County Republican Chairwoman Resigns After Failing To Attend Ballot Tabulation Test