Trump: China’s actions against Hong Kong are a ‘tragedy’
President Trump vows he will protect America’s financial security from China and says Hong Kong has been mistreated by the Chinese government.
President Trump announced new actions against China on Friday related to the passage of a new Chinese security law that weakens Hong Kong’s autonomy, calling it a treaty violation.
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The president said the U.S. will crack down on Chinese companies listed on American exchanges. He directed the Presidential Working Group on Financial Markets to examine the practices of those businesses.
“Investing firms should not be subjecting their clients to the hidden and undue risks associated with financing Chinese companies that do not play by the same rules,” Trump said. “Americans are entitled to fairness and transparency.”