In this news, we discuss the Exclusive: Trump administration to consider adding China’s Ant Group to trade blacklist – sources.
WASHINGTON (Reuters) – The US State Department submitted a proposal to the Trump administration to add China’s Ant group to a trade blacklist, according to two people familiar with the matter, before the retail giant’s fintech arm Alibaba electronics do not disappear. Public.
It was not immediately clear when US government agencies deciding whether or not to add a company to the so-called list of entities would consider the matter. But the move comes as Chinese extremists in the Trump administration seek to send a message to dissuade U.S. investors from taking part in the initial public offering, which is worth a record $ 35 billion.
Reporting by Humeyra Pamuk, Alexandra Alper and Karen Freifeld; Editing by Lisa Shumaker
Original © Thomson Reuters Corporation