Trump Administration Strengthens Order Banning US Investment in Chinese Military Companies

Sunshine breaks over the east side of the U.S. Treasury Department building in Washington, March 23, 2009. Chip Somodevilla/Getty Images

The Trump administration has strengthened an executive order that bans U.S. investment in Chinese military companies, according to a notice published by the Treasury Department late on Monday.

The Treasury Department issued a “Frequently Asked Questions” notice that outlines further details for President Donald Trump’s November executive order (E.O.) 13959. The notice said that the Trump administration would prohibit exchange-traded funds (ETFs) and index funds from financing communist Chinese military companies and any subsidiaries that are owned or controlled by the Chinese military.