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Reports That US Will Ban Chinese Companies is "False News"



White House Commerce Advisor Peter Navarro on Monday described recent reports that the US regards restrictions on Chinese companies as grossly inaccurate.

"This story that appeared in Bloomberg: I ​​read it much more carefully than it was written," Navarro told CNBC. "Over half of them were very inaccurate or just out of tune."

Newsletters, including CNBC, announced Friday that the White House is in the early stages of weighing restrictions on US investment in China, such measures could include a block of all US investment in the country, a person familiar with CNBC talks said. [1

9659002] Bloomberg News first reported last week, that the administration of President Donald Trump is considering restrictions on the portfolio flows of US investors in China, including deleting Chinese companies from US stock exchanges.

"It was really irresponsible journalism and the problem we have here … "And what happens is that as soon as Bloomberg puts it out there, there is pressure from others to expose it."

"This story was so full of inaccuracies and as to the truth of the question, what is it checkout . Although he claimed that more than half of Bloomberg's original history was inaccurate, Navarro refrained from challenging any specific claims within the report.

Ministry of Finance spokesman in the weekend, however, said that "the administration is not considering blocking Chinese companies from listing shares on US stock exchanges currently. "Bloomberg spokesman did not immediately receive comment.

White House discussion reports on Chinese market restrictions come as administration seeks additional leverage in trade talks, which resumes on October 10 in Washington.

the two countries have waived tariffs on billions of dollars in goods over the past two years, with the US starting fresh taxes of 15% on Chinese goods starting Sept. 1. These tariffs affect clothing, tools and electronics

Navarro, a famous hawk among Trump's trade advisers, said earlier this month that he was sure Congress would ratify the landmark administration of the US-Mexico.The Canada Agreement before the end of 2019

of the agreements within the USMCA, he argues at the time, ensures that House Speaker Nancy Pelosi will make the approval of the agreement a priority before the end of December. However, since these comments, House Democrats have launched an investigation into the impeachment against Trump during his conversation with President of Ukraine Vladimir Zelensky.

The impeachment process, Trump warned on September 25th, cast doubt on whether Pelosi could garner enough support to give a political victory to the president or find enough time to vote.

"I don't know if Nancy Pelosi will have time to sign it," the president said Wednesday, adding that he believes the Home Leader is wasting his time on a "manufactured crisis".


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