7/7, 12:38 PM (Source: TeleTrader)
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US may curb exemptions for Chinese firms - report

The administration of United States President Donald Trump is considering several executive orders against China amid heightened tensions between the two countries, Politico reported on Tuesday.

One of the measures would curb special exemptions for Chinese companies operating in the US, while another one would "target trade with Hong Kong," according to the report.

On Monday, White House Chief of Staff Mark Meadows said Trump is looking into signing an executive order to "reset the balance" between Washington and Beijing.

Breaking the News / NP