There have been a few big announcements from China today – the latest outlines new restrictions on US companies.
China announces further restrictions to US entities
There have been a few big announcements from China today – the latest outlines new restrictions on US companies.
While earlier measures were a direct response to US tariffs, China says these latest steps are tied to national security concerns and the issue of Taiwan.
Export control
- China says it has added 16 US entities to its “export control” list, claiming they have “behaviours that may endanger China’s national security and interests”.
This move bans the export of dual-use items – goods, software and technology that can be used for both civilian and military purposes – to those entities.
Unreliable entities
- Beijing also says it has put 11 foreign entities on its “unreliable entity” list, which allows it to take punitive action against them.
The commerce ministry says these companies have engaged in “so-called military and technical cooperation with Taiwan”.
Suspending import
- China has also suspended the export qualifications of six US companies, citing food safety concerns.
Additional sources
China hits back at Trump tariffs with own taxes, export curbs – Reuters
China to impose tariffs of 34% on all US goods from April 10 – Yahoo Finance
Trade war: China to retaliate with additional 34% tariff on US goods from April 10 – ET