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Friday, January 27, 2023

US puts 36 more Chinese companies on trade blacklist

BANGKOK ( Associated Press) – The US Commerce Department has placed 36 Chinese high-tech companies, including makers of aviation equipment, chemicals and computer chips, on an export control blacklist, citing national security concerns, the country’s interests and human rights.

Adding these firms to the “Entity List” meant that any American company attempting to do business with them would be denied an export license. In some cases, companies based in other countries are also required to comply with these requirements to prevent them from diverting technologies for uses prohibited by export controls.

The move complicates Washington’s efforts to prevent China, and especially its military, from acquiring advanced technologies such as state-of-the-art computer chips and hypersonic weapons. It is the latest in a series of US sanctions on Chinese technology, which began with former President Donald Trump and continued under Joe Biden.

At the same time, the US government has worked to increase the country’s manufacturing capabilities for semiconductors and other advanced technologies.

The changes to the Commerce Department’s list were entered in the Federal Register, which is set for publication on Friday.

Associated Press

Conocé Trust Project
World Nation News Desk
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