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China expands export controls on U.S. firms amid Trump tariff anticipation

share-iconPublished: Thursday, January 02 share-iconUpdated: Thursday, January 02 comment-icon3 months ago
News sources:
CBSNEWS
China expands export controls on U.S. firms amid Trump tariff anticipation

Credited from: CBSNEWS

  • China's Ministry of Commerce announced the addition of 28 American companies, including General Dynamics, to its export control list.
  • Export restrictions are aimed at safeguarding national security and interests according to the Chinese authorities.
  • The new measures prohibit exports of dual-use items—products with both civilian and military applications—to the listed entities.
  • This decision comes as the country prepares for Donald Trump's return to the presidency and follows increased restrictions on Chinese firms under the previous administration.
  • Analysts suggest that while trade policies may change, dramatic proposals on tariffs might be avoided due to potential risks.

Source: CBS News

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