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Trump Cutting Retirement Investment Ties Between U.S. And Chinese Equities

President Donald Trump is cutting investment ties between the United States and Chinese equities, according to a letter from national security adviser Robert O’Brien and National Economic Council Chair Larry Kudlow to U.S. Labor Secretary Eugene Scalia.

It has come to our attention that billions of dollars from our federal employees’ retirement funds in the Thrift Savings Plan (TSP) will soon be invested in Chinese companies,” reads the letter, which was first obtained by Fox Business.

This action would expose the retirement funds to significant and unnecessary economic risk, and it would channel federal employees’ money to companies that present significant national security and humanitarian concerns because they operate in violation of U.S. sanction laws and assist the Chinese Government’s efforts to build its military and oppress religious minorities.”

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