About This Source - Bloomberg QuickTake: Now
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It was founded by Michael Bloomberg in 1981, with the help of Thomas Secunda, Duncan MacMillan, Charles Zegar, and a 12% ownership investment by Merrill Lynch.
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Bloomberg Quicktake: Now published this video item, entitled “U.S. Restricts Travel Visas for Millions in China’s Communist Party” – below is their description.
President Donald Trump isn’t letting his election loss stop him from beating up on China.
On Wednesday alone, his administration restricted travel visas for members of the Chinese Communist Party and banned cotton imports from a military-linked firm it accused of “slave labor.” He’s also expected to soon sign a bill passed by the U.S. House of Representatives that could ultimately lead to Chinese companies getting kicked off American exchanges.
The question now is just how bad things could get in the next seven weeks before President-elect Joe Biden takes over. Trump’s administration faces a mid-December deadline to name banks who do business with officials accused of undermining Hong Kong’s autonomy, and could sanction others — including possibly more senior party members.
“Trump’s measures will box Biden in,” said Shi Yinhong, director of the Center on American Studies at Renmin University of China and an adviser to the Chinese government. “It’s a constant escalation. The starting point for negotiations keeps rising. It’s unlikely for the U.S. side to return to a time before decoupling.”
For Biden, the moves could either be seen as adding leverage against the Chinese or potentially tying his hands. The long-time senator and former vice president told the New York Times this week he would conduct a full review in consultation with U.S. allies before making big moves on China, including whether to rework the “phase-one” trade deal reached between the world’s biggest economies in January.Bloomberg Quicktake: Now YouTube Channel
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