Kevin Wolf Quoted in Reuters Report on Trump Administration’s China Investment Ban

Reuters has quoted Akin Gump international trade partner Kevin Wolf in the article “Draft guidance on China investment ban spurs tensions in Trump administration –sources.”

The article reports on a debate within the Trump administration over guidance that the Treasury Department is seeking to publish to clarify a recent directive banning U.S. investors from buying shares of some top Chinese companies. According to Reuters, the departments of State and Defense are rejecting the content of a document that Treasury has prepared to spell out the fine print of the White House’s November order.

Beginning in November 2021, the directive would block U.S. investors from buying securities of Chinese companies that the Pentagon has designated as owned or controlled by the Chinese military.

Wolf said the scope of the Chinese companies covered by the order was a key unanswered question, asking, “Are they going to go the road of what was listed or are they going to go the road of a traditional sanction and also apply it to affiliates?”