empty
 
 
Trump takes action on more Chinese firms
26-08-2020 16:29
Trump takes action on more Chinese firms
Trump takes action on more Chinese firms

The White House decided to properly explain to China what was good and what was bad. Constant lies and systematic violation of obligations are unacceptable in the civilized world. Therefore, Beijing will have to pay for all its mistakes.

Thus, US President Donald Trump issued an executive order to ban TikTok on the territory of the United States. The Committee on Foreign Investment has been investigating the ByteDance's purchase of Musical.ly, which later became TikTok, since November last year.  Treasury Secretary Steve Mnuchin said in a statement on Friday that the agency had completed an "exhaustive review" and "unanimously recommended" that Trump unwind the deal.

The White House announced that the President signed an order addressing the threat posed by TikTok to national security. From that time, Trump has been unstoppable. Now, he intends to further restrict the activity of Chinese companies in the United States. Currently, Trump is contemplating punitive measures against the e-commerce giant Alibaba. "Well, we're looking at other things, yes." the American leader responded to the question about sanctions against Alibaba.

Chinese Vice Foreign Minister Le Yucheng decided to defend his government by accusing the US. "Some American politicians are distinguished by the fact that they openly lie or do not pay attention to the laws. Especially often they lie to discredit China. If this lie is collected in a book, it could become a teaching aid on this topic," the diplomat said.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $10000 more!
    In January we raffle $10000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS
Can't speak right now?
Ask your question in the chat.
Widget callback