Demanding accounting standards could push Chinese companies out of U.S. exchanges: Trump

This post was originally published on this site

In the interview, recorded Wednesday and aired on Thursday, the President said his administration was looking at the accounting issue “very strongly” while also bringing up what he called a “problem.”

“Let’s say we do that, right?” Trump said of requiring the companies to use U.S. accounting standards.

“So what are they going to do? They’re going to move their listing to London or someplace else,” he said.

The issue comes after an independent board charged with overseeing billions in federal retirement dollars was pressured by the White House to indefinitely delay plans to invest in an international stock index that includes some Chinese companies.