Kevin Wolf Quoted in Financial Times, Barrons on Possible Additional US Punitive Measures Against Chinese Companies
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Akin Gump international trade partner Kevin Wolf has been quoted in the Financial Times article “Trump signals he has more Chinese companies in his sights.” The article reports that President Trump is considering taking actions against additional Chinese companies, just a day after he ordered ByteDance to divest TikTok’s operations in the United States within 90 days.
According to FT, Mr. Trump’s order followed a recommendation from the Committee on Foreign Investment in the U.S. It also came a week after the President banned U.S. companies from dealing with TikTok unless ByteDance sold the app to an American group within 45 days. The latest move goes further by providing a deadline for ByteDance to sell its TikTok operations in the United States.
While Microsoft has already been in talks to buy the TikTok app, Wolf observed, “If no deal [with Microsoft] is reached, this could shut TikTok down in the U.S. in 90 days.”
Wolf was also quoted in Barron's for its article "U.S.’s Huawei Sanctions Are a New Headache for Emerging Market Investors," He noted, regarding the Commerce Department's August 17 order, "There’s never been anything in the history of export controls like this."
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