China announced Thursday that it would add dozens of U.S. companies to its export control list to “protect national security and interests.”
China’s Ministry of Commerce has announced that it will impose measures on 28 US companies and, starting Thursday, will ban the export of dual-purpose goods to listed companies, according to the Global Times, a Chinese daily newspaper believed to be affiliated with the Chinese government. The paper reported. Xinhua News Agency. Dual-use items are items that can be used for civilian or military purposes.
China also sanctioned 10 defense companies on Thursday over military sales to Taiwan, an autonomous island that China claims as its territory, and added them to China’s “list of untrusted companies,” according to AFP. It was announced that.
The move comes as Beijing prepares for President-elect Donald Trump’s return to the White House and as the Biden administration expands restrictions on Chinese companies amid an escalating ups and downs. Ta. During his presidential campaign, Trump also floated the idea of ​​imposing the following policies: Customs duties up to 60% For all Chinese products.
Last month, China announced it was investigating U.S. microchip maker Nvidia over possible violations of Chinese antitrust laws.
China’s action comes less than a week after it imposed sanctions on seven companies in response to recently announced U.S. military sales and aid to Taiwan.
Still, given that U.S. military companies do not sell weapons or related products to China, Beijing’s sanctions targeting U.S. defense companies tend to have less impact. Some analysts believe that retaliatory trade measures may also be limited.
“Changes to immigration, trade, and fiscal policy under the second Trump administration will likely be meaningful, but some of the more dramatic proposals are likely to be significant,” Goldman Sachs analysts wrote in a recent note. It’s not as good as the department.” “We expect tariffs on imports from China and autos, but not universal tariffs. That would come with economic and political risks that the White House would like to avoid.” said.
contributed to this report.
