July 9, 2020

Trump Teams Says Stop Underwriting the CCP Threat

This is Frank Gaffney with the Secure Freedom Minute.

President Trump is reportedly poised to issue today a new Executive Order on China. At this point, we don’t know for sure what it will say. But here’s a suggestion.

In the past two days, some top Trump subordinates have pointedly objected to a practice that clearly must be ended, namely that of Wall Street underwriting the Chinese Communist Party’s companies and the malevolent behavior many of them enable. Notably, National Economic Council Director Larry Kudlow and National Security Advisor Robert O’Brien have warned a federal retirement fund of serious material risks to beneficiaries and the country of investing in the PRC.

And the President’s trade advisor, Peter Navarro, said, “American investors should not be forced by decisions of Wall Street portfolio managers to support the Chinese Communist Party’s surveillance state, flight-by-night-companies and military-industrial complex.”

Tell them to stop, Mr. President.

This is Frank Gaffney.

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