“Now, if you did, what would happen?,” asked Trump. “You’d save $500 billion if you cut off the whole relationship.”
However, Trump and his team used other tactics to demonstrate displeasure with China’s actions. On Monday, the administration cut investment ties between U.S. federalretirement fundsand Chinese equities.
In a letter obtained exclusively by FOX Business, national security adviser Robert O’Brien and Trump’s top economic adviserLarry Kudlowwrote on Monday to U.S. Labor Secretary Eugene Scalia that the White House does not want the Thrift Savings Plan — which is a federal employee retirement fund — to have money invested in Chinese equities that numbers about $4 billion in assets.
Scalia then wrote to Michael Kennedy, the chairman of the Federal Retirement Thrift Investment Board, and shared the Kudlow and O’Brien correspondence and telling Kennedy that investments in China pose “investment risk and national security” risks.
As for China’s response to inquiries about the spread of the coronavirus from the U.S., Trump told Maria Bartiromo: “We asked to go over and they said no. They didn’t want our help. And I figured that was OK because they must know what they are doing. So it was either stupidity, incompetence or deliberate.”