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FX.co ★ Trump takes action on more Chinese firms

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Forex Humor:::2020-08-26T14:29:42

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.


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