Stop Mnuchin from Undermining President Trump, Again

2020-12-18

This is Frank Gaffney with the Secure Freedom Minute. The Financial Times and other media outlets have exposed an insidious, last-minute effort by Wall Street insiders to sabotage one of Donald Trump’s most important countermeasures to the threat posed by the Chinese Communist Party. In an executive order issued last month, the President blocked indexes and Exchange Traded Funds from investing our money in Communist Chinese military companies and their subsidiaries. Some of those affected have b...

This is Frank Gaffney with the Secure Freedom Minute.

The Financial Times and other media outlets have exposed an insidious, last-minute effort by Wall Street insiders to sabotage one of Donald Trump’s most important countermeasures to the threat posed by the Chinese Communist Party.

In an executive order issued last month, the President blocked indexes and Exchange Traded Funds from investing our money in Communist Chinese military companies and their subsidiaries. Some of those affected have begun dumping PLA stocks.

Unfortunately, one of China’s “old friends” from Wall Street is Treasury Secretary Steven Mnuchin. And his department is frantically trying to eviscerate Mr. Trump’s Executive Order. The good news is that Mnuchin’s efforts to allow continued underwriting of this mortal threat from China is being strongly opposed by patriots in the Pentagon and State Department.

Now that Mnuchin’s gambit has been revealed, surely President Trump will reject it – as he must.

This is Frank Gaffney.

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