A man walks outside of the New York Stock Exchange (NYSE) in New York, November 24, 2020.
Brendan McDermid | Reuters
Trump’s investment ban will go into effect Monday, a little over a week before President-elect Joe Biden’s inauguration.
Biden is unlikely to make any immediate changes to US-China relations, but has repeatedly stated that he would prefer to work with US allies in enforcing “traffic rules” on world trade.
Still, this approach would be at odds with that of the Trump administration, which often took aggressive, unilateral measures to challenge China on economic and national security issues.
– CNBC’s Evelyn Cheng contributed to this report.
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