Will the Chinese retaliate by e.g. not buying U.S. government bonds anymore? Are such threats to be taken seriously or will others see an opportunity when China retaliates in such ways?
Just take the Thrift Savings Plan! It has over $500 billion assets under management.
"President Donald Trump will cut the federal government’s retirement fund investments in Chinese equities, according to a Monday letter obtained by Fox Business.
The White House does not want federal employee retirement funds to have money invested in Chinese equities, national security adviser Robert O’Brien and National Economic Council Chair Larry Kudlow said in a letter to U.S. Labor Secretary Eugene Scalia Monday."
Trump to End Federal Retirement Investments in Chinese Equities
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