Know How Trump Administration Hits Chinese Companies With New Trade Rules

Yolanda Curtis
May 25, 2020

Spokesperson Zhao Lijian made the remarks at a press conference when asked to comment on the U.S. Department of Commerce saying on Friday that it would sanction relevant Chinese enterprises and institutions for human rights abuses in China's Xinjiang Uygur Autonomous Region.

Qihoo 360 was amongst 24 corporations or government-linked entities the Commerce Department mentioned pose a "significant risk of supporting procurement of items for military end-use in China". The two dozen entities, which include Shanghai-listed software giant Qihoo 360 Technology, are based in China, Hong Kong and the Cayman Islands.

The new listing follow a similar October 2019 action when Commerce added 28 Chinese public security bureaus and companies including some of China's top artificial intelligence startups and video surveillance company Hikvision 002415.SZ to a United States trade blacklist over the treatment of Uighur Muslims.

The resolution so as to add the businesses to the Commerce Department's Entity List limits their entry to United States elements and expertise by requiring authorities permission for exports.

The foreign ministry accused the US of interfering in China's affairs by adding eight companies accused of playing roles in a crackdown in its Muslim northwestern region of Xinjiang to an export blacklist.

NetPosa 300367.SZ , amongst the companies whose facial recognition subsidiary is linked to the surveillance of Muslims in the country's far west.

Qihoo 360 "firmly opposes this irresponsible action and the US Commerce Department's practice of politicising business and scientific and technological research and development", the corporate mentioned on its social media account.

China's fledgeling tech industries are growing processor chips, software program, telecom , electrical automotive batteries and different merchandise.

Xinjiang affairs are purely China's internal affairs which brook no interference from any other country, Zhao said, noting the measures on countering terrorism and deradicalization in Xinjiang have been taken for the goal of preventing the extremism and terrorism at their source, and these measures accord with Chinese laws and global practices.

The decision to add the companies to the Commerce Department's Entity List limits their access to USA components and technology by requiring government permission for exports.

Other companies didn't respond Monday to questions about how they might be affected.

Complaints about Beijing's expertise ambitions prompted Trump to boost duties on Chinese imports in 2018, triggering a tariff warfare that has weighed on global commerce.

The pronouncement of the U.S. Department of Commerce means that it will restrict sales of goods shipped to them. Chinese officials accuse Washington of using phony security warnings to block rising competitors of USA tech industries. It appealed to the USA government on its social media account to "stop this unfair treatment".

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