Trump once used these policies as leverage but he is doing all he can to push them into laws. It would take Biden the next 2 years to reverse but then again Biden has numerous domestic issues to worry about. I don´t see Biden lasting more than 4 years. This guy is just an extension of Obama years with really no big plans for the country.
https://edition.cnn.com/2020/12/04/tech/smic-cnooc-trump-china-intl-hnk/index.htmlAn executive order that Trump signed last month barring US firms from investing in companies on the Defense Department's list, meanwhile, has now grown to include 35 Chinese businesses.
Smartphone maker Huawei and Hikvision, one of the world's largest manufacturers and suppliers of video surveillance equipment, are on the list. Some of the other companies listed, including China Telecom (CHA), China Mobile (CHL) and now CNOOC (CEO), trade on the New York Stock Exchange.
US investors are banned from owning or trading any securities that originate or are exposed to those firms. Investors will have until November 2021 to divest from the companies.
And Trump still has more ammunition he could fire at Chinese companies.
Earlier this week, the US House of Representatives passed a bill that could kick several Chinese firms off Wall Street. The bill, which would prevent companies that refuse to open their books to US accounting regulators from trading on US stock exchanges, won unanimous backing in the Senate earlier this year. It only needs Trump's signature to become law.
Trump will, "with near certainty," sign off on the bill before his term comes to an end, according to Shirley Yu, visiting fellow at the London School of Economics and founder of a company that assesses strategy, business, and political risk for companies working in China.
Backed "with unanimous congressional support, this decision will be extremely hard to reverse by the next administration," she added.
