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Trump instructed US pension funds to stop investing in shares of China companies

US President Donald Trump called on US federal pension funds to abandon investment in shares of Chinese companies. This was reported by Fox Business, citing internal documents of the Washington administration.
As noted, on May 11, Trump’s national security assistant Robert O’Brien and head of the White House National Economic Council Lawrence Cadlow sent a letter to Labor Secretary Eugene Scalia.
The authors of the letter assured that the president’s administration opposed the fact that the federal pension fund Thrift Savings Plan invested in shares of Chinese companies, as the situation is “risky and unjustified.”
According to the channel, the amount of assets currently stands at $ 4 billion.
Scalia sent this letter to the head of Thrift Savings Plan, Michael Kennedy, and said that the order to withdraw funds from China’s assets comes directly from Trump.
The fund manager must submit an appropriate report on the decisions taken by May 13.