Trump says US looking at Chinese companies on exchanges

Washington: President Donald Trump said he’s “looking at” Chinese companies that trade on the NYSE and Nasdaq exchanges but do not follow US accounting rules.

“We are looking at that very strongly,” Trump told Fox Business host Maria Bartiromo in an interview that aired Thursday morning.

Trump followed up by saying that getting tough on Chinese companies on the exchanges could backfire.


“Let’s say we do that, right,” Trump said. “So what are they going to do? They’re going to move their listing to London or someplace else.”

“Let’s say you want to get tough,” he continued. “I’m the toughest guy. But what happens is, so we say, ‘You’re going to do this and you’re going to follow the rules of the New York Stock Exchange or Nasdaq.’ And what are they going to do? They say, ‘OK, we’ll move to London or we’ll move to Hong Kong.’”

Trump’s comments came amid a series of criticisms of China. He said he’s “very disappointed” in China regarding the coronavirus pandemic, given that it started there.