A near-record number of consumers in September cited trade policies as a negative factor weighing on the economy.
Chinese President Xi Jinping and U.S. President Donald Trump chat at a G-20 event a day before their highly anticipated bilateral meeting.The White House is weighing a block on all U.S. investments in China, a source familiar with the matter told CNBC. The discussion is in its preliminary stages.
There are early conversations and nothing has been decided yet and there's no time frame for their implementation, the source said. This discussion includes options up and including blocking all U.S. investment in Chinese companies, the source told CNBC. Restricting investments in Chinese entities are meant to protect U.S. investors from excessive risk due to lack of regulatory supervision, the source said.
It comes as the U.S. is looking for additional levers of influence in trade talks. The two countries are slated to resumein Washington after both countries slapped billions of dollars of tariffs on each other's goods. Bloomberg News first reported earlier on Friday Trump administration officials are considering ways to limit U.S. investors' portfolio flows into China, including delisting Chinese companies from American stock exchanges and putting a limit on U.S. government pension funds' exposure to the Chinese market.
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