Biden has banned more Chinese companies than Trump
The Dragon companies are considered to be at risk due to their proximity to the military and therefore included in the blacklist for stopping American investments
Donald Trump and Joe Biden (Photo Illustration by Pavlo Conchar / SOPA Images / LightRocket via Getty Images) The "national emergency" declared by the United States continues and extends, with respect to the "threat of the military-industrial complex of the People's Republic of China". President Joe Biden has signed an executive order amending the November 12 precedent, extending the blacklist of companies from China that will not be able to receive dollars from operators in the United States. So stop the investments in 59 Chinese companies with alleged links with military and surveillance circles, as well as their subsidiaries, for a "black list" that is now longer than that of President Donald Trump, which included 48.The list includes aerospace, shipping, energy and infrastructure companies. In practice, the entire security, defense and partly telecommunications sector, given that Huawei remains among the others. "President Biden widened the scope of this national emergency by noting that the use of Chinese surveillance technology outside the People's Republic, as well as its development or use to facilitate repression and serious human rights abuses, constitutes a unusual and extraordinary threat ”, the position of Washington. The most current implicit reference is to the repression of the Uighurs, the Turkish-speaking and Muslim minority of the Xinjiang region of China. Recent testimonies speak of systems for the recognition of emotions in video surveillance equipment.
The blacklist will go into effect from 2 August and for now there are no details on the sanctions, but the move reveals how Biden is ready to continue in some parts with Trump's tactic towards Beijing. A strategy that has also caused some too many problems for companies deemed suspicious, such as Xiaomi which ended up in the blacklist at the end of the previous administration and then "cleared" by the Defense Department four months later. Political circles in Washington have demanded from the new president a more severe stance towards China: now, the move to "protect the fundamental security interests and democratic values" of the United States and its allies: "The administration will continue to update the list of Chinese entities as appropriate ”.
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Topics
China Finance Huawei United States telecommunications telephony Xiaomi globalData.fldTopic = "China, Finance, Huawei , United States, telecommunications, telephony, Xiaomi "
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