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WestlinnDuck
Member Posts: 15,643 
in Tug Tavern
Which is the basic approach of the chicoms and dems. So, in the spirit of the Bushes and Slo Joe, barry's administration relaxed rules to allow chicom firms to list their stock on US stock exchanges. Accurate financial statements have always been problematic for a number of reasons including outright fraud. But the chicoms take lying to an art form with the full support of our US deep state. So, the Trump administration is proposing that since the chicoms aren't living up to the deal, that we call off the deal. Imagine that.
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https://www.zerohedge.com/geopolitical/tensions-soar-trump-admin-could-scrap-audit-deal-us-listed-chinese-firms
Tensions Soar As Trump Admin Could Scrap Audit Deal For US-Listed Chinese Firms
by Tyler Durden
Tue, 07/14/2020 - 08:26
Global stocks slumped on Tuesday as a safety bid appears in the dollar as Sino-US tensions continue to worsen.
There were a couple of significant developments in the overnight session involving China and the US. First, Chinese Foreign Ministry spokesman Zhao Lijian said Beijing would sanction US defense contractor Lockheed Martin for its latest arms deal with Chinese-claimed Taiwan.
The second development is from Reuters, detailing how the Trump administration plans to abandon a 2013 agreement between the US and Chinese auditing authorities, a move that suggests a widespread crackdown on US-Listed Chinese firms sidestepping US disclosure rules is ahead.
The deal allowed the Public Company Accounting Oversight Board (PCAOB) to seek auditing documents in enforcement cases of Chinese companies listed on US exchanges - was considered a breakthrough at the time.
But PCAOB has complained over the years that many of the requests into Chinese firms were ignored.
Keith Krach, the undersecretary for economic growth, energy, and the environment, said, "lack of transparency has prompted administration officials to lay the groundwork to exit the deal soon."
"The action is imminent," Krach told Reuters, in an emailed response on Monday. "This is a National Security issue because we cannot continue to afford to put American shareholders at risk, to put American companies at a disadvantage and allow our preeminence of being the gold standard for financial markets to erode."
Reuters notes an official within the Trump administration and three former White House officials said the termination of the 2013 auditing deal was under careful consideration.
There's been very little information about withdrawing from the agreement - the discussions so far point to increasing frustrations by the Trump administration over Chinese companies failing to disclose critical financial data.
=======
https://www.zerohedge.com/geopolitical/tensions-soar-trump-admin-could-scrap-audit-deal-us-listed-chinese-firms
Tensions Soar As Trump Admin Could Scrap Audit Deal For US-Listed Chinese Firms
by Tyler Durden
Tue, 07/14/2020 - 08:26
Global stocks slumped on Tuesday as a safety bid appears in the dollar as Sino-US tensions continue to worsen.
There were a couple of significant developments in the overnight session involving China and the US. First, Chinese Foreign Ministry spokesman Zhao Lijian said Beijing would sanction US defense contractor Lockheed Martin for its latest arms deal with Chinese-claimed Taiwan.
The second development is from Reuters, detailing how the Trump administration plans to abandon a 2013 agreement between the US and Chinese auditing authorities, a move that suggests a widespread crackdown on US-Listed Chinese firms sidestepping US disclosure rules is ahead.
The deal allowed the Public Company Accounting Oversight Board (PCAOB) to seek auditing documents in enforcement cases of Chinese companies listed on US exchanges - was considered a breakthrough at the time.
But PCAOB has complained over the years that many of the requests into Chinese firms were ignored.
Keith Krach, the undersecretary for economic growth, energy, and the environment, said, "lack of transparency has prompted administration officials to lay the groundwork to exit the deal soon."
"The action is imminent," Krach told Reuters, in an emailed response on Monday. "This is a National Security issue because we cannot continue to afford to put American shareholders at risk, to put American companies at a disadvantage and allow our preeminence of being the gold standard for financial markets to erode."
Reuters notes an official within the Trump administration and three former White House officials said the termination of the 2013 auditing deal was under careful consideration.
There's been very little information about withdrawing from the agreement - the discussions so far point to increasing frustrations by the Trump administration over Chinese companies failing to disclose critical financial data.
Comments
The other is owned by them
Which to normal Americans is a problemhttps://foxnews.com/politics/biden-reportedly-uses-quote-notably-uttered-by-mao-zedong-during-fundraiser
Vote Joe Biden and (D) because they will fix things in the their shithole violent cities though. JUST NOT TRUMP. If you support any of the above I’d say you’re not normal.
Really what we all want to be is centrists, I get that.
Get the fuck outta here with your “Whataboutism,” Son. Your extreme side has completely lost their shit and it’s being validated from the top of the party all the way down to these sewer Rats.
Nobody and I mean NOBODY here is defending Proud Boys, Westboro Baptist or any fuckwad white supremacist crap.
The 'liberals' (cough cough, not the TUFF Liberals....the pussy leftist liberals) have zero balls to call bullshit on their extreme cousins.
But but MEAN ORANGE MAN AAARGGH!!!
"We all want to be centrists". Fuck off with that bullshit.
https://thehill.com/policy/international/507080-pompeo-formally-rejects-beijings-claims-in-south-china-sea
Like it or not, Trump is your only option unless you want a future where we and the rest of the world are China's bitch.
But but but Trump
Pathetic