Senate Minority Leader Chuck Schumer (D-NY) has been at the forefront of obstructing President Trump’s agenda. On the heels of shutting down the Obamacare repeal in the Senate, Schumer is now targeting a major Trump ally.
Senator Schumer is calling on Trump to block the sale of Skybridge Capital — an investment firm founded by former White House Communications Director Anthony Scaramucci, according to The Washington Examiner. Blocking the sale would cost Scaramucci $50 million.
Schumer sent a letter to Trump on Tuesday asking him to block major Chinese investments in the United States, with the pretext of penalizing China for its lack of action against an ever more hostile North Korea
This move would hit Scaramucci, whose company, Skybridge Capital, is currently pending sale to the Chinese conglomerate HNA Group. According to financial disclosures reported by CNN, Scaramucci’s stake in Skybridge is worth $50 million.
Scaramucci, a self-made billionaire worth $1.5 billion, recently stepped down from his position as White House communications director after only six days on the job — at the behest of new Chief of Staff John Kelly, reported The New York Times.
Breitbart noted that the abrupt change came right after a July 26 phone call with a reporter for liberal outlet The New Yorker, in which Scaramucci used profane language in speaking about his colleagues in the Trump administration.
Kelly, a retired U.S. Marine Corps General who was serving as Trump’s secretary of Homeland Security, asked for Scaramucci’s resignation in an effort to create a more disciplined environment in the White House.
Scaramucci is going back to the private sector, but a block against the sale of Skybridge Capital would put a major dent in his professional work. The sale represents the culmination of 15 years of work in a company he founded.
The Committee on Foreign Investment in the United States (CFIUS), an inter-agency committee belonging to the Executive Branch, has the power (with the President’s approval) to stop any foreign acquisition of American business deemed to be against national interests. The sale of Skybridge Capital is currently being reviewed by CFIUS.
Schumer asserts his letter to Trump has nothing to do with Scaramucci, but is a way of pressuring China to take greater action against North Korea. “The robust China-North Korea economic and trade relationship makes it clear that China could exercise considerable leverage over the North Korean regime to alter course, but that far from trying to do so China’s leaders would prefer to contain the problem – not solve it,” quoted The Washington Examiner.
Tensions between the US and North Korea are at an all-time high due to the continued efforts of the Kim Jong-un regime to develop intercontinental ballistic missiles capable of hitting America.
Trump has expressed his dissatisfaction with China’s policies toward North Korea. It is currently unclear whether the President is contemplating the measures proposed by Schumer, and if these will ultimately undermine Scaramucci’s transaction. But one thing appears to be clear: Schumer is just being vindictive and trying to score cheap political points with the Democratic Party’s base.