A man walks outside the New York Stock Exchange (NYSE) in New York, November 24, 2020.
Brendan McDermid | Reuters
Trump’s investment ban is set to take effect Monday, a little more than a week before President-elect Joe Biden is set to to be inaugurated.
Biden is unlikely to make any immediate changes to the U.S.-China relationship, but has repeatedly said he would prefer to work with U.S. allies on enforcing the “rules of the road” for global trade.
Still, that approach would stand in contrast to that of the Trump administration, which often pursued aggressive, unilateral actions to challenge China on economic and national security issues.
— CNBC’s Evelyn Cheng contributed to this report.
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