China Hits U.S. Firms With Export Curbs Amid Trade Row

China has escalated its trade dispute with the United States by implementing new export controls targeting ten American companies. According to Beijing's Ministry of Finance, these firms, which are reportedly connected to the U.S. military, are now forbidden from acquiring strategic goods from China that possess both civilian and military applications.

The restrictions extend further, with an additional 46 U.S. companies being barred from selling their products to customers in China. Many of the sanctioned U.S. entities operate within the defense or raw materials sectors. Notably, the sanctions also affect the defense divisions of major conglomerates, including prominent names like Lockheed Martin, Raytheon, and Boeing.

This move by China is a direct response to similar trade restrictions imposed by the U.S. earlier in June. The U.S. Department of Defense had published a list of 188 Chinese companies identified as having ties to the Chinese military. This reciprocal action signals a deepening of the trade conflict between the two economic powers, impacting key industries on both sides.