Treasury Secretary Steven Mnuchin called NYSE Group president Stacey Cunningham on Tuesday (Wednesday AEDT) to express his disapproval with the exchange's surprise decision to spare three major Chinese telecommunications companies from being delisted, according to two people familiar with the matter.
The exchange's reversal caught some officials at the White House, Treasury and State departments off guard. It also sowed confusion among the regulators who had helped craft the order signed by President Donald Trump in November that requires American investors to unload Chinese businesses deemed as posing a threat to US national security.
