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Trade war

Luckin first casualty as US takes aim at China transparency

Nasdaq’s delisting of coffee chain follows Trump call for higher accounting standards

NEW YORK -- U.S. President Donald Trump and his Republican Party have doubled down on making China transparency a top issue in an election year, both in terms of the coronavirus response as well as listed companies.

While Trump repeatedly accuses China of failing to be open and honest about its handling of the outbreak, his administration is considering steps that would close off its stock markets to Chinese companies that do not comply with American rules.

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