TFIGlobal
TFIGlobal
TFIPOST English
TFIPOST हिन्दी
No Result
View All Result
  • Indo-Pacific
  • Americas
  • Canada
  • Indian Subcontinent
  • West Asia
  • Europe
  • Africa
  • The Caribbean
TFIGlobal
  • Indo-Pacific
  • Americas
  • Canada
  • Indian Subcontinent
  • West Asia
  • Europe
  • Africa
  • The Caribbean
No Result
View All Result
TFIGlobal
TFIGlobal
No Result
View All Result
  • Indo-Pacific
  • Americas
  • Canada
  • Indian Subcontinent
  • West Asia
  • Europe
  • Africa
  • The Caribbean

American companies start pulling out of Chinese firms after Donald Trump’s directives

Abhyoday Sisodia by Abhyoday Sisodia
January 13, 2021
in Geopolitics
Trump, China, Chinese
Share on FacebookShare on X

The New York Stock Exchange took its time in complying with the executive order passed by the Trump Administration. However, as soon as it went ahead with the implementation of the order, by delisting three Chinese companies, American companies are following suit by pulling out of Chinese firms. BlackRock, the world’s biggest money manager, has been selling stakes in three Chinese telecommunication providers after the US put them on its sanctions list and an investment ban kicked in from this week.

The company said, “iShares ETFs have adjusted and will continue to be responsive in accordance with their respective indexes’ treatment of securities impacted by recent US sanctions on certain Chinese companies”. 

Also Read

Trump offers Canada “Golden Dome” cover if it becomes the 51st state of the US

Kim Jong Un angry at Trump’s Golden Dome plans, North Korea claims US wants Space nuclear war

Trump mulls troop withdrawal from South Korea, Indo Pacific up for grabs?

“Our funds continue to function as designed, seeking to track the performance of their indexes, trading efficiently and offering daily transparency to holdings,” it added. 

The American companies, under the directives of President Trump, are taking this action, in a face of a counter-measure from the Chinese side. Notwithstanding the Chinese orders, the US companies are folding their investments in China, as well as, in the Chinese companies.

Earlier the NYSE had changed its position twice. According to statements from the NYSE, both reversals have been prompted by additional guidance given by the Treasury Department’s Office of Foreign Assets Control (OFAC). This means that China has been putting pressure on the Wall Street big shots to reverse the executive order and the fact that OFAC was involved, tells the depth of Chinese influence in the USA.

Shares in the Chinese telecoms: China Mobile, China Unicom Hong Kong and China Telecom were dragged along for the ride. The value of these shares plunged as much as 5% on Monday, regaining lost ground on Tuesday, and falling again Wednesday. As the NYSE has agreed with the executive order of Trump, the trading in the three companies in the U.S. has been halted as of Jan. 11.

Read more: Wall Street Moguls tried to test America’s patience with their pro-China move. But regretted almost immediately.

After Trump’s directives came into effect, companies are lining to disinvest from the Chinese telecom firms. In addition to BlackRock, other fund managers too, are rushing to comply with Trump’s order. Wheaton, Illinois-based First Trust on Monday filed a supplement to the prospectus for several funds that hold these stocks, including First Trust Nasdaq Technology Dividend Index Fund, saying the companies cited in the order would be removed from their portfolios. Goldman Sachs, Morgan Stanley and JPMorgan plan to delist 500 structured products in Hong Kong, recent filings show, as reported by SCMP.

As per the same SCMP report, the US$14 billion Tracker Fund, Hong Kong’s most actively traded ETF managed by State Street Global Advisors Asia, won’t make new investments in companies covered by the US ban under Trump administration’s directives, saying the ETF is no longer appropriate for US investors.

All these updates regarding the companies moving out their investments from the Chinese companies, tell us that the USA still holds the upper hand and going ahead, these actions by President Donald Trump are going to hurt Chinese economy even more. 

While the effectiveness of these bans by Trump administration’s directives will be visible in the long run, the fact that Chinese companies are being delisted one after another and CCP could not do anything must be really embarrassing for them.

Tags: Chinese CompaniesShort takesTrump
ShareTweetSend
Abhyoday Sisodia

Abhyoday Sisodia

M.A. in East Asian Studies, Department of East Asian Studies, the University of Delhi, India. Deep interest in geopolitics, foreign policy and world affairs.

Also Read

RIC Revival: Russia looks to bring in China and India to resurrect the RIC trio

RIC Revival: Russia looks to bring in China and India to resurrect the RIC trio

May 31, 2025
UK to go on the offensive, will initiate cyberattacks on Russia and China

UK to go on the offensive, will initiate cyberattacks on Russia and China

May 31, 2025
Russia rewards it soldiers for F-16 takedowns as S-400 proves it capabilities against Ukraine and Pakistan

Russia rewards it soldiers for F-16 takedowns as S-400 proves it capabilities against Ukraine and Pakistan

May 31, 2025
Israel Approves 22 New Settlements in West Bank

Israel Approves 22 New Settlements in West Bank Amid International Concerns

May 30, 2025
Vucic betrays Putin? Russian agencies find Serbia firms providing ammunition to Ukraine

Vucic betrays Putin? Russian agencies find Serbia firms providing ammunition to Ukraine

May 30, 2025
How Turkey Undermines the Alliances It Claims to Support

Is Turkey Playing Both Sides—or Playing Everyone?

May 30, 2025
Youtube Twitter Facebook
TFIGlobalTFIGlobal
Right Arm. Round the World. FAST.
  • About Us
  • Contact Us
  • TFIPOST – English
  • TFIPOST हिन्दी
  • Careers
  • Brand Partnerships
  • Terms of use
  • Privacy Policy

©2025 - TFI MEDIA PRIVATE LIMITED

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

- Select Visibility -

    No Result
    View All Result
    • Indo-Pacific
    • Americas
    • Canada
    • Indian Subcontinent
    • West Asia
    • Europe
    • Africa
    • The Caribbean
    TFIPOST English
    TFIPOST हिन्दी

    ©2025 - TFI MEDIA PRIVATE LIMITED

    This website uses cookies. By continuing to use this website you are giving consent to cookies being used. View our Privacy and Cookie Policy.