Anthony Scaramucci’s been on an emotional rollercoaster for the last two weeks, but it looks like he has stepped off just yet.
Senate Democratic leader Chuck Schumer urged President Trump on Tuesday to block Chinese investments in the U.S. to pressure China to reign in North Korea. The sale of SkyBridge Capital, the former communications director’s investment firm, would be among the halted transactions, according to Vanity Fair.
Scaramucci had made a deal to sell his company to HNA, a Chinese conglomerate, so he could join the Trump Administration. Vanity Fair reports he stands to make $80 million in the transaction.
Schumer wants Trump to use his presidential authority via the Committee on Foreign Investments in the United States (CFIUS) to relinquish approval for “all mergers and acquisitions in the U.S. by Chinese entities,” according to Reuters. The Democratic senator’s concern regards an increasingly aggressive North Korea, which fired a test missile over the weekend that some say could reach the West Coast.
According to Vanity Fair, it is unlikely Trump will follow the senator’s suggestion. However, the President did express his frustration with China’s approach to North Korean missile tests and used two tweets to lambast China over the weekend.
I am very disappointed in China. Our foolish past leaders have allowed them to make hundreds of billions of dollars a year in trade, yet…
— Donald J. Trump (@realDonaldTrump) July 29, 2017
…they do NOTHING for us with North Korea, just talk. We will no longer allow this to continue. China could easily solve this problem!
— Donald J. Trump (@realDonaldTrump) July 29, 2017
This article was featured in the InsideHook newsletter. Sign up now.
