As reported by TASS, citing data from the channel Fox Business, on Monday the assistant to the President for national security Robert O’brien and the head of the national economic Council the White house Lawrence Kudlow sent a joint letter to the Minister of labor Eugene Scalia. It officials said that the White house does not want a Federal pension Fund Thrift Savings Plan is invested the retirement funds of Americans in Chinese equities.
Specifies that at the moment such investment is 4 billion US dollars. O’brien and Kudlow the letter pointed out the risks of the situation and tied the instructions of the White house with the actions of China during a pandemic coronavirus.
In turn, the head of the U.S. Department of labor forwarded the letter to the head of the Thrift Savings Plan Michael Kennedy, noting that the order comes directly from President Donald trump. The head of the pension Fund shall submit a report on the action taken by mid-may.
As noted by commentators, this may come as a retaliation to Washington for hints of China about the possibility of the sale purchased by Beijing of US government debt amid the current escalation in us-China relations. In addition, we cannot exclude that a similar “leak” from the White house loyal to the administration trump the Fox is directly linked to ongoing trade negotiations of the U.S.-China.
