China imposes export controls on 10 US companies - gov’t
Summarized and contextualized by DistantNews.
At a glance
- China imposed export controls on 10 US companies and banned public procurement from 46 others in response to Washington's blacklist.
- The move targets firms involved in defense and rare earths mining, with companies like Aveox, Oshkosh Defense, Lockheed Martin, Raytheon, and Boeing's defense division affected.
- This action escalates trade tensions following the US adding Chinese tech giants and defense-related firms to its own blacklist.
China has retaliated against the United States by imposing export controls on 10 American companies and banning public procurement from 46 others. The Ministry of Commerce announced Monday that the measures are a direct response to Washington's decision to blacklist Chinese firms deemed to be aiding the military.
The targeted US companies include Aveox, which holds defense contracts, and Oshkosh Defense, a military vehicle manufacturer. The finance ministry also announced a ban on government agencies purchasing products from 46 US firms, including defense giants Lockheed Martin, Raytheon, and Boeing's defense division. Companies with existing US investments in China are exempt from these new procurement restrictions.
in response to the US government’s egregious act of adding to its so-called ‘Chinese military enterprise list’
This escalation follows a recent move by the US to add 80 Chinese companies, including tech giants Alibaba and Baidu, as well as electric vehicle maker BYD, to its "Chinese military enterprise list." Beijing stated that the export controls are necessary to "safeguard national security" and are a response to the "egregious act" by the US government. The trade tensions have intensified despite a recent visit by US President Donald Trump to Beijing aimed at stabilizing relations.
safeguard national security
Originally published by Hong Kong Free Press. Summarized and contextualized by our editorial team with added local perspective. Read our editorial standards.