Can the United States force multinational companies from not owning Chinese assets?
The White House is discussing ways to restrict US capital flows into China in what would be an unprecedented move that could limit trillions of dollars in investment and accelerate a financial decoupling of the two largest economies in the world.
There was some deliberation not too long ago on how to restrict U.S. capital flows into China. Restricting capital flows is one thing, but can they force U.S. companies to sell assets they currently own? I am asking, because a U.S. company could just transfer the asset to another subsidiary outside the U.S. even if the U.S. put some limits to Chinese assets ownership. And can the U.S. outright forces them to sell the assets without allowing them to sell it, which assumes they won't allow a company to sell the stocks to another subsidiary, which seems to be beyond the scope of the Presidential powers.