Trump Threatens To Blacklist Chinese Tech Companies

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Posted: Oct 09, 2019 11:59 AM
Trump Threatens To Blacklist Chinese Tech Companies

Source: AP Photo/Andy Wong

The trade talks are not going well. China threatens to pull out and Trump threatens Chinese companies.

Blacklist Retaliation

With trade talks on the verge of collapse China Says ‘Stay Tuned’ for Blacklist Retaliation.

Key Points

  • China poured cold water on hopes for a trade deal, signaling it would retaliate against the U.S. threat to put Chinese tech companies on a blacklist, just two days ahead of the highly anticipated trade talks in Washington.
  • Chinese Foreign Ministry spokesman Geng Shuang on Tuesday said “stay tuned,” when asked whether China would retaliate for the blacklist over alleged human rights violations against Muslim minorities.
  • “We urge the U.S. to immediately correct its mistake, withdraw the relevant decision and stop interfering in China’s internal affairs,” Geng said at a news conference according to a transcript on the Foreign Ministry’s website. “China will continue to take firm and forceful measures to resolutely safeguard national sovereignty, security and development interests.”
  • The White House is reportedly discussing blocking government pension funds from investing in China, further dimming expectations for a trade deal. Peter Navarro, the Trump administration’s trade policy director, however, denied the reports, calling them “fake news.”

Two Key Questions

  1. More acts of desperation?
  2. When does Kudlow come on and say everything is fine?