The administration of Trump published new guidelines restricting travel to the United States by members of the Chinese Communist Party and his closest relatives, reported the New York Times, citing two people familiar with this matter.
“The new policy went into effect immediately on Wednesday.”
“A spokesperson for the State Department said in an emailed statement that it reduced the validity of visas for party members from 10 years to one month. “
“The new guidelines allow US officials to determine someone’s party status based on their visa application and interview, as well as the concept of Communist Party membership that officials have at the national level. “
On Wednesday, the president-elect, Joe Bidenhe said in an interview with the NOW which will first conduct a full review and consult with allies before eliminating any tariffs on China.
Market Reaction
The futures of S&P 500 record small losses in trading of around 3.665, while AUD / USD is trading modestly stable above 0.7400.
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