Investors look to Joe Biden as Donald Trump continues ‘sharp break’ from China
- Trump sticks with little coordinated executive orders to carry out final gambit toward China
- ‘His advisers are desperate to lock in a hard-line China policy,’ says one analyst
The ban will take effect after Trump is no longer the president, and will leave the implementation with the new Biden administration that could potentially cause disruption in the markets.
An executive order is a way “to not show it to agencies or lawyers,” said Jim Lewis, head of technology and public policy at the Centre for Strategic and International Studies in Washington.
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“His advisers are desperate to lock in a hard-line China policy. They no longer want decoupling but a sharp break – to break as many links as possible, with a focus on tech and finance,” said Lewis. “It’s not particularly coherent, but that’s a hallmark of this administration’s strategies.”