The NYSE says it is going to now not delist three Chinese language telecommunications giants

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 next Monday, just over a week before the inauguration of President-elect Joe Biden.

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 “road 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.

Subscribe to CNBC PRO for exclusive insights and analysis as well as live business day programs from around the world.

Comments are closed.