China, in his words · First term · № 80
Declared that China was using US capital to build a military that threatens the homeland
“I, Donald J. Trump, President of the United States of America, find that the People's Republic of China (PRC) is increasingly exploiting United States capital to resource and to enable the development and modernization of its military, intelligence, and other security apparatuses, which continues to allow the PRC to directly threaten the United States homeland and United States forces overseas, including by developing and deploying weapons of mass destruction, advanced conventional weapons, and malicious cyber-enabled actions against the United States and its people.”
- Said
- , Executive Order 13959, signed by Trump
- Subject
- military-linked companies
- Threat
- Economic and military
- Topic
- Veterans & military
- Era
- First term
What the record showed
The order barred U.S. persons from trading securities of firms the Defense Department designated as Communist Chinese military companies. Xiaomi, designated on January 14, 2021, sued; on March 12, 2021 U.S. District Judge Rudolph Contreras preliminarily enjoined the prohibitions against it, the government did not appeal, and an order removing Xiaomi from the list was signed on May 25, 2021. On June 3, 2021 President Biden issued an order that replaced sections 1 through 5 of Executive Order 13959 and applied the investment prohibition to companies listed in its annex beginning August 2, 2021.
Sources
- Executive Order 13959—Addressing the Threat From Securities Investments That Finance Communist Chinese Military Companies
- U.S. Removes Xiaomi from List of Banned Chinese Companies
- Executive Order on Addressing the Threat from Securities Investments that Finance Certain Companies of the People's Republic of China