The Trump administration would be wise to implement restrictions on U.S. investments in China as it seeks to gain additional leverage in the long-running trade war, former Fed governor Larry Lindsey told CNBC on Thursday. “I even think the president has recognized it’s not cost effective to push the tariff anymore, and if he wants to continue pressure on China, which I think he probably does, I think this would be a good path to pursue,” Lindsey said on “The Exchange.” On Friday, numerous media outlets reported that President Donald Trump’s administration had begun a process to study whether restrictions on Chinese investment would be worth implementing. Such measures could include a block of all American investment in the country or delisting Chinese companies from U.S. stock exchanges. Despite pushback on the reporting from the administration, CNBC later reported it had seen the policy memo that outlined a process to evaluate limiting U.S. capital flows into Chinese securities. Some high-profile figures such as Senate Majority Leader Mitch McConnell said curbing Chinese investment in the U.S. isn’t a great idea, but Lindsey joins a growing chorus of people who have said the idea is worth considering. “I’m sure that the Chinese… Read full this story
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