Stocks Plunge Into Red After US Plans "Emergency" Curbs On Chinese Investments

Update: Confirming Wilbur Ross' earlier comments, Bloomberg reports that the Trump administration is considering a crackdown on Chinese investments in technologies the U.S. considers sensitive by employing a law reserved for national emergencies, among other options, according to people familiar with the matter.

The investment curbs would be the latest step in President Donald Trump’s plan to punish China for what the U.S. sees as violations of American intellectual-property rights.

And stocks have plunged back into the red...

Goodbye China M&A Premium!!

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As we detailed earlier, after all the hard work of Mnuchin and Navarro 'happy-talking' stocks higher yesterday, Commerce Secretary Wilbur Ross may have begun the process of reality-checking as he confirms US will announce curbs on Chinese investements.

When asked about U.S. retaliation against China’s alleged violation of intellectual property, Ross told Fox News

"It’s not my practice to get ahead ahead of the president and what he announces. There will be limitations on foreign investment...

CFIUS, which is the entity that regulates foreign investment, has new legislation pending both in the House and in the Senate, so that will be part of it...

And then some other action by the president will be the other part of it. He’s going to be making some announcements about it."

And while the reaction is modest for now, the epic ramp from yesterday is starting to fade into the open...

 

Comments

caconhma Déjà view Tue, 03/27/2018 - 10:37 Permalink

The USA and China are in a war regardless what Agent Orange and media say. There is no way back.

China has just transformed their Com Party Chief into a Commander-in-Chief.

Trump was "appointed" to initiate US/China confrontation. The US Deep State has Jewish mentality (i.e. too arrogant and nearsighted). The Deep State wants to fight simultaneously China and Russia contrary to the Trump's desire to fight China in alliance with Russia. Trump has lost his fight with the Deep State.

In reply to by Déjà view

Grimaldus D.T.Barnum Tue, 03/27/2018 - 13:26 Permalink

Buy more fishing boats to replace the ones being blasted out of the water?

https://www.strategypage.com/htmw/htsurf/articles/20180325.aspx

 

The an example of overwhelming criminality of the Chinese---- glaringly apparent in their state supported fishing piracy, not to mention intentional overfishing with complete disregard for maintaining fish stocks.

 

Suffer not the criminal--blast em!

 

https://youtu.be/00rMVee0R4c

 

 

 

 

 

Grimaldus

 

 

 

 

 

In reply to by D.T.Barnum

FireBrander east of eden Tue, 03/27/2018 - 10:35 Permalink

America needs to go on a diet anyway; empty shelves would be a good thing.

Food is WAY too cheap which is why we, as a nation, waste mountains of it every day. Pick any restaurant dumpster; it's full of perfectly edible food. Parents buying $15 meals for 5 year olds, they take 2 bites, throw the rest in the trash..way past due for "empty shelves".

In reply to by east of eden

curbjob Rainman Tue, 03/27/2018 - 10:24 Permalink

So Trump claims to be curtailing Chinese investment in US assets and limiting immigration  ... while Kushner is selling US assets in exchange for visas ??

 

"Over several hours of slide shows and presentations, representatives from the Kushner family business urged Chinese citizens gathered at a Ritz-Carlton hotel to consider investing hundreds of thousands of dollars in a New Jersey luxury apartment complex that would help themsecure what’s known as an investor visa.

The tagline on a brochure for the event: “Invest $500,000 and immigrate to the United States.”

https://www.zerohedge.com/news/2018-03-27/white-house-conducting-intern…

 

More art of the deal / 3d chess ... or just a NuYawk asshole talking out of both sides of his cunthole ??

In reply to by Rainman

east of eden TheSilentMajority Tue, 03/27/2018 - 10:08 Permalink

This is all part of how you 'do business'. You really don't 'do business', you forge, rape, pillage and steal.

Decades ago, when the Japanese bought a lot of commercial property in the US, you were all hot and bothered about it. 'The coming 'Japanification of America', screamed the headlines.

Well, if you don't want foreigners owning your property, then keep your fucking worthless greenbacks at home and stop lying to your suppliers that they will be able to use US dollars wherever the see fit.

In reply to by TheSilentMajority

Double.Eagle.Gold TheSilentMajority Tue, 03/27/2018 - 11:43 Permalink

I sold my house in Seattle, closes 2 days. 

Three bidders on the home, all Chinese and all full cash offers. Two of the bidders got into a bidding war, bid the house 14% over asking price which was already absurdly high.

Only time in my 60 years that I have bested a Chinaman in a deal. He paid 3x what I bought the place for 17 years ago. Absolutely stupid move on their part. Market about to crack here in the Pacific Northwest.

In reply to by TheSilentMajority

Alchemedes Tue, 03/27/2018 - 09:39 Permalink

Just take a look at Hongcouver.  Canada's offical languages are French and English. In Vankong, the street signs are in English and Mandarin.  The Mandarin signs read 'Real estate laundry machine this way".