Donald Trump’s presidential decree obliges Americans who already have stakes and financial interests in the target companies to give them up by November 2021.
Trump says in this decree that China “increasingly exploits US capital to allow the development and modernization of its military activities, intelligence services and other security systems, which allows it to directly threaten” American and American troops stationed abroad.
The decree specifies that this ban will take effect on January 11. Specifically, 9 days before the incumbent president leaves the White House and is replaced by President-elect Joe Biden.
The measures are part of the Trump administration’s broader offensive over the past four years to counter China’s rise on the global stage. Accordingly, the decree specifies that American money invested in these companies allows Beijing to develop weapons of mass destruction and carry out cyber attacks “against the United States and its people.”