Economy

Trump 'looking at' Chinese companies trading on United States stock exchanges

Trump 'looking at' Chinese companies trading on United States stock exchanges”

China suspended punitive tariffs on more USA goods including radar equipment for aviation Tuesday amid pressure from President Donald Trump to buy more imports as part of a truce in their trade war.

US Republican senators proposed legislation Tuesday that would empower President Donald Trump to slap sanctions on China if Beijing does not give a "full accounting" for the coronavirus outbreak. The US alone has recorded close to 85,000 COVID-19 deaths.

The bill was co-sponsored by eight other senators, including Thom Tillis (R-N.C.), Cindy Hyde-Smith (R-Miss.), Mike Braun (R-Ind.), Rick Scott (R-Fla.), Steve Daines (R-Mont.), Todd Young (R-Ind.), Jim Inhofe (R-Okla.), and Roger Wicker (R-Miss.). "They were taking precautions inside their own borders while yet letting people go internationally".

"China refuses to allow the worldwide community to go into the Wuhan lab to investigate", Graham said, referring to the Chinese city where the virus first emerged.

More news: Trump extends order on U.S. telecom supply chain security until 2021

"The Chinese Communist regime's coverup of the coronavirus outbreak cost hundreds of thousands of lives worldwide and caused unfathomable harm to the global economy, and they must be held accountable".

Without certification, Trump would be authorized under the legislation to impose sanctions like asset freezes, travel bans and visa revocations, as well as restricting Chinese businesses' access to United States bank financing and capital markets.

"I will certainly look at it (the legislation), they build to sanction China so I will certainly take a look at it".

The comments came as Trump continued to hammer China over its handling of the coronavirus pandemic and its consequences for the landmark trade deal between the United States and Beijing.



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