9 Chinese companies, including Xiaomi, were blacklisted by the USA

Donald Trump and his administration, which had beforehand focused manufacturers corresponding to Huawei and TikTok on account of the ongoing commerce wars between the USA and China, made new choices earlier than leaving workplace.


The Trump administration, plane maker Comac, and cellphone maker Xiaomi It added 9 corporations, including the firm, to the blacklist of alleged navy corporations.

On account of new blacklisted corporations, US traders will probably be topic to a brand new funding ban that forces them to divest their shares of blacklisted corporations by November 11, 2021.

The increasing blacklist is alleged to be a part of President Donald Trump’s plan to take care of a agency stance in opposition to China in the last days of his presidency.


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