U.S. President Donald Trump looks far away from the Senate runoff round in Dalton, Georgia on the 4th. Dalton = AFP Yonhap News
It’s really a’sticking’. U.S. President Donald Trump undertook last-minute pressure against Iran and China. Joe Biden is a super strong, but the reaction is cold, arising from anxiety that the next administration will be able to return to the Iranian nuclear agreement (JCPOA, Comprehensive Joint Action Plan) and seek to improve relations with China. This is why there is no real benefit.
The US Treasury Department announced on the 5th (local time) that it had blacklisted 15 Iranian companies, including 12 Iranian steel and metal manufacturers and 3 overseas sales agencies. It is based on Executive Order 13871, which allowed the Iranian government to sanction some economic sectors that generate major revenues. Finance Minister Stephen Manusin said in a statement that day, “The Trump administration is trying to block profits from entering the Iranian regime as the Iranian regime supports terrorist groups, supports oppressive regimes, and continues to pursue weapons of mass destruction.” Said.
There was also added pressure on China. President Trump signed an executive order banning transactions and eight mobile applications (apps) developed by Chinese companies, such as Alipay and WeChat Pay. President Trump explained why, “Apps linked to China can gain wide access to user information by accessing personal electronic devices such as smartphones, tablets and computers.”
However, it is unclear whether the Trump administration’s last-minute hard drive will be useful. On the 31st of last month, the New York Stock Exchange (NYSE) decided to delist China Mobile, China Telecom, and China Unicom, the three major telecommunications companies in China, and suddenly reversed its decision after four days. The Trump administration then immediately put pressure on the NYSE side. Bloomberg News reported that Secretary Manusin called Stacy Cunningham, NYSE Chief Executive Officer (CEO), to express his opposition to overturning the delisting. “There is widespread confusion on Wall Street about how to interpret President Trump’s (investing in China) orders,” the news agency criticized. “One thing is certain, investors are losing money.”
Jinwook Kim reporter [email protected]
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