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Biden has blocked 59 Chinese companies on Trump's orders Trade War News

The attitude of U.S. President Joe Biden around Trump’s mandate has been seen very well on Wall Street and Capitol Hill, where lawmakers on both sides ....

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Biden blocks 59 Chinese companies including Huawei in amended Trump order

Read more about Biden blocks 59 Chinese companies including Huawei in amended Trump order on Business Standard. Biden s position on Trump s order has been closely watched by Wall Street and Capitol Hill. ....

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Biden blocks 59 Chinese companies in amended Trump order - The Hindu BusinessLine

Ban on new investments to become effective from August 2; investors will have one year to divest ....

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Biden Blocks 59 Chinese Companies in Amended Trump Orde...

The ban on new investments will take effect Aug. 2 at 12:01 a.m. in New York, according to administration officials who briefed reporters on condition of anonymity. Investors will have one year to fully divest.
Biden’s order is largely a continuation of a policy issued by former President Donald Trump that was challenged in court and confused investors over the extent of its reach to subsidiaries of blocked companies. Biden’s position on Trump’s order has been closely watched by Wall Street and Capitol Hill, where lawmakers from both parties have called for a strong stance against China over issues ranging from trade to human rights. ....

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Biden Blocks 59 Chinese Companies in Amended Trump Order

Biden Blocks 59 Chinese Companies in Amended Trump Order
Bloomberg
2 hrs ago
Jennifer Jacobs
(Bloomberg) President Joe Biden signed an order Thursday amending a ban on U.S. investment in Chinese companies begun under his predecessor, naming 59 firms with ties to China’s military or in the surveillance industry, including Huawei Technologies Co. and the country’s three biggest telecommunications companies.
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The ban on new investments will take effect Aug. 2 at 12:01 a.m. in New York, according to administration officials who briefed reporters on condition of anonymity. Investors will have one year to fully divest.
Biden’s order is largely a continuation of a policy issued by former President Donald Trump that was challenged in court and confused investors over the extent of its reach to subsidiaries of blocked companies. Biden’s position on Trump’s order has been closely watched by Wall Street and Capitol Hi ....

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