Citing three people familiar with the matter, Reuters reported on Wednesday evening that the US administration should impose sanctions on four other Chinese state-run media, designating them as foreign embassies.
Note that five Chinese news agencies have already been subject to restrictions since February.
Designations are expected to include China Central Television (CCTV), the largest public network, and China News Service, the country’s second largest public news agency.
The announcement is on track for Thursday.
The conflict between the United States and China has increased in recent months on a number of issues, including journalists working in their respective countries, managing coronavirus epidemics and Hong Kong’s security law.
The market continues to fear that these tensions will jeopardize the phase one trade agreement between the two.
Amid the resurgence of US-China tensions, the US dollar is gaining ground in all areas, weighing negatively on the AUD / USD pair.
The spot now drops 0.31% to 0.68897, as investors have boosted Australian sales and retail figures.