The Trump administration is deliberating whether to block all U.S. investment into China, said a source to CNBC.
The White House is weighing some curbs on U.S. investments in China, a source familiar with the matter told CNBC. This discussion includes possibly blocking all U.S. financial investments in Chinese companies, the source said.
It’s in the preliminary stages and nothing has been decided, the source said. There’s also no time frame for their implementation, the source added.
The markets sold off slightly less than one percent today on the news. CD Media has been talking about an excess of risk in the financial markets and how in our view China cannot and will not make a trade deal that is in the interests of the United States.
In economic data, the Michigan Consumer Sentiment Index for the month of September came in at 93.2 vs a consensus estimate of 92.0.
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