We Need a Second Opinion on U.S. Investing in China

2020-06-01

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This is Frank Gaffney with the Secure Freedom Minute. On Friday, President Trump denounced the Chinese government for systematically violating its international obligations, including with respect to Hong Kong’s autonomy. He also decried the CCP’s economic warfare against our country and its threats to our vital security interests. The President assigned part of the blame for such unacceptable Chinese behavior though to his predecessors, who successively failed to stop it. Worse yet, they allowed,...

This is Frank Gaffney with the Secure Freedom Minute.

On Friday, President Trump denounced the Chinese government for systematically violating its international obligations, including with respect to Hong Kong’s autonomy. He also decried the CCP’s economic warfare against our country and its threats to our vital security interests.

The President assigned part of the blame for such unacceptable Chinese behavior though to his predecessors, who successively failed to stop it. Worse yet, they allowed, if not actually encouraged, American investors to underwrite it.

Mr. Trump has tasked a Presidential Working Group to evaluate how to protect U.S. investors from “hidden and undue risks” associated with investments in CCP companies. Our country must also be protected.

But ending Americans’ financing of our enemy is unlikely to be championed by panel members like its chairman, Treasury Secretary Steve Mnuchin, who have relentlessly practiced, or at least supported, it.

Get a second opinion, Mr. President.

This is Frank Gaffney.

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