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President Trump and Chinese President Xi Jinping in Beijing in 2017. Photo: Thomas Peter/Pool/Getty Images

The Trump administration is considering moves that would stem the flow of money from U.S. investors to China, Bloomberg and other news outlets report and Axios has confirmed.

Why it matters: If carried out, the moves would escalate the U.S.-China fight beyond the scope of trade and tariffs.

  • While it would be big blow for China at a time when they are opening up markets to foreign investors, it would also be disruptive to U.S. markets: 156 Chinese companies with a total market capitalization of $1.2 trillion were listed on major U.S. stock exchanges as of February, as the FT points out.

What's being floated:

  • Delisting Chinese firms from U.S. stock exchanges.
  • Banning the U.S. government from including Chinese equities in pension funds.
  • Limiting Chinese companies' inclusion in U.S. stock indices

Worth noting: It's unclear how these measures could be implemented as they're aggressive moves that would face huge backlash from Wall Street.

Go deeper

45 mins ago - Politics & Policy

Stalemate over filibuster freezes Congress

Illustration: Sarah Grillo/Axios

Senate Majority Leader Chuck Schumer and Mitch McConnell's inability to quickly strike a deal on a power-sharing agreement in the new 50-50 Congress is slowing down everything from the confirmation of President Biden's nominees to Donald Trump's impeachment trial.

Why it matters: Whatever final stance Schumer takes on the stalemate, which largely comes down to Democrats wanting to use the legislative filibuster as leverage over Republicans, will be a signal of the level of hardball we should expect Democrats to play with Republicans in the new Senate.

Dave Lawler, author of World
1 hour ago - World

Biden opts for five-year extension of New START nuclear treaty with Russia

Putin at a military parade. Photo: Valya Egorshin/NurPhoto via Getty

President Biden will seek a five-year extension of the New START nuclear arms control pact with Russia before it expires on Feb. 5, senior officials told the Washington Post.

Why it matters: The 2010 treaty is the last remaining constraint on the arsenals of the world's two nuclear superpowers, limiting the number of deployed nuclear warheads and the bombers, missiles and submarines which can deliver them.

Updated 2 hours ago - Technology

Facebook refers Trump ban to independent Oversight Board for review

Photo: Alex Edelman/AFP via Getty Images

Facebook's independent Oversight Board has accepted a referral from the platform to review its decision to indefinitely suspend former President Trump.

Why it matters: While Trump critics largely praised the company's decision to remove the then-president's account for potential incitement of violence, many world leaders and free speech advocates pushed back on the decision, arguing it sets a dangerous precedent for free speech moving forward.