US cancels visas of more than 1,000 Chinese nationals deemed security risks
|In yet another move against China, the US has revoked visas for more than 1,000 Chinese nationals while citing security risks, as per Reuters.
Key quotes
The United States has revoked visas for more than 1,000 Chinese nationals under a presidential measure denying entry to students and researchers deemed security risks, the State Department said on Wednesday, a move China called a violation of human rights.
The acting head of the US Department of Homeland Security, Chad Wolf, said earlier that Washington was blocking visas ‘for certain Chinese graduate students and researchers with ties to China’s military fusion strategy to prevent them from stealing and otherwise appropriating sensitive research.’
A State Department spokeswoman said the visa action followed a May 29 proclamation by President Donald Trump as part of the US response to China’s curbs on democracy in Hong Kong.
In Beijing on Thursday, a foreign ministry spokesman described the U.S. move as ‘naked’ political persecution and racial discrimination that seriously violated human rights.
FX implications
The news adds challenges to the market’s risk-tone sentiment but is largely ignored by S&P 500 Futures, currently up 0.30%, amid risk reset move.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.