Trump says the US is 'looking at' Chinese companies that trade on US exchanges but don't follow accounting rules
Trump says the US is 'looking at' Chinese companies that trade on US exchanges but don't follow accounting rulesPresident Donald Trump said he is"looking at" Chinese firms listed on US stock exchanges that don't adhere to US accounting rules.aired Thursday that Chinese companies could simply move to London or Hong Kong in response.
Trump also addressed the Thrift Savings Plan, a retirement-savings plan for federal employees that was scheduled to shift its international fund to one with exposure to Chinese stocks. The president has called on the plan's board to defer the move and told Fox Business"if they're not, we're going to replace them very soon."The White House is"looking at" Chinese companies listed on US exchanges that don't follow US accounting guidelines, President Donald Trump said.
The president added that enforcing US accounting rules could boomerang and push Chinese firms to other financial hotspots. "What happens is, so we say, 'You're going to do this and you're going to follow the rules of the New York Stock Exchange or Nasdaq.' And what are they going to do? They say, 'OK, we'll move to London or we'll move to Hong Kong,'" Trump told Fox Business host Maria Bartiromo in an
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