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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

Tim Scott hopes to reintroduce version of GOP police reform bill

Photo: Stefani Reynolds/Bloomberg via Getty Images

Sen. Tim Scott (R-S.C.) told reporters Wednesday he plans to reintroduce his police reform bill or a similar proposal in the coming weeks and that he has discussed a potential compromise with Rep. Karen Bass (D-Calif.) and Sen. Cory Booker (D-N.J.).

Why it matters: Eyes have again turned to Washington to take steps to address police reform in the wake of Derek Chauvin's guilty verdict Tuesday, after efforts stalled in Congress last year.

Biden announces small business tax credits for vaccine PTO

Photo: Doug Mills/The New York Times/Bloomberg via Getty Images

President Biden on Wednesday called on all employers to provide workers paid time off to get vaccinated or recover from COVID side effects, and said he'll include a paid tax credit for small businesses that do so.

Why it matters: The Biden administration sees workplaces as highly influential in making shots more convenient for working adults who are in high-risk industries.

White House unveils plans for high-profile climate summit

Illustration: Aïda Amer/Axios

The Biden administration offered new details this morning about the big, virtual climate summit Thursday and Friday and signaled they expect new emissions reduction and climate finance commitments from multiple countries.

Driving the news: The administration said 40 heads of state would attend, including Russian President Vladimir Putin and President Jair Bolsonaro of Brazil.