Trump: Chinese Firms to Follow US Accounting Rules

Trump: Chinese Firms to Follow US Accounting Rules
AP Photo/Susan Walsh, File

President Trump said he was considering whether to require Chinese companies to follow U.S. accounting rules to be listed on U.S. stock exchanges, though he expressed concern that such a move could prompt companies to take their listings elsewhere.

In an interview on Fox Business Network’s “Mornings with Maria,” Mr. Trump said in response to a question on the subject that he was looking “very strongly” at imposing such a rule on Chinese companies, which aren’t currently required to follow the same accounting rules. 

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