With just days left in the White House, President Trump is not showing signs of slowing down any time soon.
It is clear he intends to use his last six days in office to carry out his “America First” policies to the fullest extent.
One way in which he’s accomplishing this is by strengthening America’s independence and military-industrial complex by tightening restrictions on US investments in one of our biggest adversaries’ military.
In order to deter American investors from profiting from companies controlled by the Chinese military, President Trump signed an executive order on Wednesday night strengthening a ban placed on US investments in companies that support the Chinese military-industrial complex.
The order, titled “Executive Order on Amending Executive Order 13959–Addressing the Threat from Securities Investments that Finance Communist Chinese Military Companies,” states that by November 11, 2021, investors will be required to completely divest their securities holdings of companies that report to the CCP.
Chinese companies that are subject to the ban are publicly identified by the Department of Defense in consultation with the US Treasury.
By late Fall, companies must “divest, in whole or in part, from securities that any United States person held as of 9:30 a.m. eastern standard time on January 11, 2021, in a Communist Chinese military company as defined in section 4(a)(i) of this order, is permitted,” according to the White House.
“Effective at 11:59 p.m. eastern standard time on November 11, 2021, possession of any such securities by a United States person is prohibited,” the executive order reads.
This order amends a previous order which simply restricted US investors from buying securities by the November date, Reuters reported.
A senior administration official told the outlet, “Today’s executive order ensures that the United States retains a key tool to protect U.S. investors from funding Chinese military modernization.”
While Trump Administration officials are celebrating the move, China has yet to respond to Wednesday’s amendment.
Clearly, this solidifies President Trump’s legacy of putting American interests first by reducing the power China holds over the US.
However, under an incoming Biden-Harris Administration, we cannot be sure this will continue. “Beijing Biden,” as many call him, does not give the American people confidence that he will not do everything within his power to return this country to the claws of the CCP.
China, which is partially responsible for destroying America’s – and the world’s – economy by lying about the spread of COVID-19, would love nothing more than a Biden Administration to come in and undo all that President Trump has done to combat their regime.