Friday, January 22, 02:14
Home inet Trump may force US businesses to leave ...

Trump may force US businesses to leave China

China

Two White House representatives said that President Donald Trump has the power to ban Americans Companies to do business in China. Specifically, may force them to relocate their business outside China. However, there is still nothing official from the American government.

White House financial director Larry Kudlow said the government could make that decision at any time but no formal mandate has been given yet.

The government recommends the American businesses and companies to relocate their business and supply chains from China and bring them back home to America.

Financial adviser Steven Mnuchin in an interview on Fox News Sunday made similar statements to Kudlow and said the president had "many choices".

All the discussion around this topic started after a series of tweets made by him Trump the manufacture. Trump presented the idea of ​​withdrawal from China as a mandate, not a request. Businesses need to be prepared in the event of a prolonged trade war.

"The big American companies are ordered to immediately start looking for an alternative, including moving the companies back to America and production of products in the US ”.

“For all the pseudo-journalists who have no idea about the law on presidential powers, China, etc., take a look at the 1977 Emergency Economic Powers Act. The case is closed!"

According to White House officials, the law gives the government the right to force US companies to relocate their businesses and their supply chains from China.

By law, the president of USA it has the power to regulate the trading of US companies if a national emergency is declared against an "unusual and extraordinary threat". Such a situation would allow the president to regulate them transactions of Americans with abroad.

Trump has accused China many times during the trade war, but has not yet declared a state of emergency regarding Chinese trade.

LEAVE ANSWER

Please enter your comment!
Please enter your name here

Absent Mia
Absent Miahttps://www.secnews.gr
Being your self, in a world that constantly tries to change you, is your greatest achievement

LIVE NEWS

Mac: How to see which model you have and when it was released

When you need support for your Mac - or want to install some kind of upgrade - you usually need to know the exact ...
00:02:35

Bill Gates: Will he work with Biden on COVID-19 / climate change?

Microsoft co-founder Bill Gates said on Twitter that he is looking forward to working with the new US President, Joe Biden, and ...

What are the rumors circulating about the iPhone 13?

Apple iPhone 13 will have a redesigned Face ID system that will have a smaller notch at the top of the screen, ...

Biden: How was the political transition in the US captured on social media?

As Joe Biden was sworn in as President of the United States, this important political transition was captured on popular social media. On January 20, ...

CentOS ceases to be supported but RHEL is offered for free

Last month, Red Hat caused a great deal of concern in the Linux world when it announced the discontinuation of CentOS Linux.

Microsoft Office 365 employee passwords leaked online!

A new large-scale phishing campaign targeting global organizations has been found to bypass Microsoft Office 365 Advanced Threat Protection (ATP) and ...

COSMOTE and Microsoft provide new cloud solutions for businesses

COSMOTE and Microsoft expand their cooperation, offering even more advanced and high quality cloud solutions, in large and small ...

Cyber ​​attacks in Eastern Europe are on the rise!

The cyber-attacks that have taken place in many US government agencies and companies in recent months have caused concern in the developing countries of ...

Tesla reduces the prices of the Model 3 in Europe

Tesla has reduced the prices of the Model 3 in many European markets, which reductions could be partly linked ...

iOS, Android, XBox users in the crosshairs of a new malvertising campaign

Recently a new malvertising campaign was discovered that targets users of mobile and other connected devices and uses effective ...