USA blacklist dozens of Chinese companies
Washington (Reuters) - The US is blacklisting dozens of other Chinese companies from the Department of Commerce.
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| FILE PHOTO: Flags of US and China are displayed at American International Chamber of Commerce (AICC) 's booth during China International Fair for Trade in Services in Beijing, China, May 28, 2019. REUTERS / Jason Lee / File Photo |
This includes the country's largest chip manufacturer, Semiconductor Manufacturing International (SMIC), said Minister of Commerce Wilbur Ross in a television interview on Friday. He thus confirmed corresponding insider reports from Reuters. The move is seen as another move by outgoing US President Donald Trump to cement his tough trade policy with China before his Democratic challenger Joe Biden takes office in January. Ross spoke of 77 other companies and subsidiaries on Fox TV station, the so-called “Entity List” grows to more than 275 companies.
The Chinese Foreign Ministry called on the US to end the “unjustified” crackdown on Chinese companies. The US government often uses the blacklist to target Chinese industries. The measures against the network providers Huawei and ZTE for violating sanctions and against the surveillance camera provider HikVision for suppressing the Uyghur minority made for a particularly large number of headlines. SMIC also manufactures for Huawei.
At the beginning of December, SMIC had already been put on a blacklist because of alleged links to the Chinese military, which will prohibit US investors from buying securities from the companies listed there from November 2021. Those who are on the blacklist of the Department of Commerce, in turn, need special licenses in order to be able to obtain products from US suppliers. SMIC is heavily dependent on the USA. Trade Minister Ross justified the move with wanting to keep SMIC away from “modern US technology”. SMIC was initially not available for comment.
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