CD Media
Politics

Labor Rule Could Cost China Billions In U.S. Investment

Labor Rule Could Cost China Billions In U.S. Investment
Image by Donkey Hotey

Attorney General Bill Barr ratcheted up the U.S. confrontation with China this week, accusing Hollywood and the tech industry of caving to Chinese censorship pressure in exchange for short-term profits.

“If Disney and other American corporations continue to bow to Beijing, they risk undermining both their own future competitiveness and prosperity, as well as the classical liberal order that as allowed them to thrive,” Barr said during a Thursday speech in Michigan, where he called out Apple for removing a news site from its app store in China after the government complained about it, and criticized Disney for giving Communists a role in managing Shanghai Disney.

But China hawks familiar with the finer details of U.S. labor law argue the Trump administration has the power to do far more than name and shame U.S. companies that opt to work with Beijing in order to gain access to China’s vast consumer market. The Labor Department in the next few weeks has the opportunity to cut off a main spigot of U.S. funds flowing to China by barring private U.S. retirement plans from investing in Chinese companies, an unprecedented step that would cost China billions in U.S. investment…

To read more visit Real Clear Politics.

Related posts

TRUMP TO RALLY FOR PERDUE, WALKER IN GEORGIA – STATE CRUCIAL FOR GOP’S MIDTERMS, 2024 SUCCESSES

CD Media Staff

War Room Pandemic Friday Show Recap 6/24

CD Media Staff

George W. Bush Confirms He Is In On The Con

CD Media Staff

1 comment

BREAKING: UN General Secretary Initiates New World Order, Anti-American Global New Deal - Globalist News | #Globalist July 18, 2020 at 11:02 pm

[…] Labor Rule Could Cost China Billions In U.S. Investment […]

Reply

Leave a Comment

Subscribe to our evening newsletter to stay informed during these challenging times!!

Clicky