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๐Ÿ‡ง๐Ÿ‡ฉ Bangladesh /Economy & Trade

China Hits 10 U.S. Firms With Export Controls in Retaliation

From Daily Star · () English

Translated from English, summarized and contextualized by DistantNews.

At a glance

News Named sources New plan
  • China has imposed export controls on 10 U.S. companies involved in defense and rare earths mining in retaliation for U.S. blacklisting of Chinese firms.
  • The move follows President Trump's visit to Beijing and aims to safeguard national security, according to China's commerce ministry.
  • The targeted U.S. entities include aerospace and defense contractors, as well as rare earths producers.

China has retaliated against U.S. sanctions by imposing export controls on 10 American companies engaged in defense and rare earths mining.

The Chinese commerce ministry announced the measures yesterday, stating they are a direct response to the U.S. government's decision to add Chinese firms to its "military enterprise list." Beijing asserts the move is necessary to "safeguard national security."

This escalation follows President Donald Trump's recent visit to Beijing, during which efforts were made to stabilize U.S.-China relations. However, ties have since been strained by ongoing disputes in technology and defense sectors.

in response to the US governmentโ€™s egregious act of adding to its so-called โ€˜Chinese military enterprise listโ€™

โ€” Chinese Commerce MinistryThe ministry explained the reason behind China's imposition of export controls on U.S. companies.

The U.S. recently released a blacklist of 80 companies, including tech giants Alibaba and Baidu, and electric vehicle maker BYD, which it claims are aiding the Chinese military. This prompted China to threaten countermeasures.

Among the 10 U.S. entities now subject to Chinese export controls are Aveox, an aerospace defense contractor, and Oshkosh Defense, a producer of military vehicle fleets. Rare earths producers MP Materials and USA Rare Earth are also listed.

Simultaneously, China's finance ministry announced a ban on public procurement of products from 46 U.S. firms, including major defense contractors like Lockheed Martin, Raytheon, and Boeing's defense division. Divisions of General Dynamics and Anduril Industries, along with several aerospace firms, are also included. These measures are set to take effect Monday. China had previously sanctioned some of these firms over U.S. arms sales to Taiwan.

safeguard national security

โ€” Chinese Commerce MinistryThe ministry stated the objective of the new export controls.
DistantNews Editorial

Originally published by Daily Star in English. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.