New U.S. restrictions on 33 Chinese firms, institutions take effect June 5

This translation has been automatically generated and has not been verified for accuracy.The U.S Commerce Department said Wednesday that new restrictions on 33 Chinese firms and institutions will take effect on Friday after the agency announced last month it was adding them to an economic blacklist for helping Beijing spy on its minority Uighur population or because of ties to weapons of mass destruction and China’s military.

The move marked the Trump administration’s latest efforts to crack down on companies whose goods may support Chinese military activities and to punish Beijing for its treatment of Muslim minorities. The firms and institutions are being added to the U.S. “entity list,” which restricts sales of U.S. goods shipped to them and some more limited items made abroad with U.S. content or technology. Companies can apply for licenses to make the sales, but they must overcome a presumption of denial.

Be smart with your money. Get the latest investing insights delivered right to your inbox three times a week, with the Globe Investor newsletter.

globebusiness As Robin Sears says we have to stand with like minds even with people who we despise so that China knows that economic bullying is just not nice and certainly not the proper way to treat those one is trading with. Might is not right. Might includes being responsible. ..........

globebusiness Why post on here if you have to be a subscriber?

globebusiness Could there be an election coming? Is there a crisis that needs covering up? Is the bag of empty promises not yet full?

Canada Latest News, Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

3 UN elections on June 17 including new council membersThe president of the UN General Assembly announced Tuesday that elections for new members of the UN Security Council, the Economic and Social Council, and his successor as head of the 193-member world body will be held simultaneously on June 17. Meanwhile, Tedros remains, China dictates to the WHO what they should do and Taiwan is denied observer status unlike before when they were in good terms with China JustinTrudeau is and has bin a deciding factor in the protection of Canada and the world and his efforts will be felt in the coming weeks around the world he is a leader of great integrity. UN
Source: CTVNews - 🏆 1. / 99 Read more »

Quebec reports 239 new COVID-19 cases, fewest since March 21, and 52 new deathsI guess going back to school didn’t cause a huge rise in numbers!
Source: CTVNews - 🏆 1. / 99 Read more »

Mexico President urges caution during ‘new normal’ phase of COVID-19 restrictionsLópez Obrador makes first road trip in months to promote construction of the Mayan Train
Source: globeandmail - 🏆 5. / 92 Read more »

B.C. records 1 more death from COVID-19, 24 new cases since SaturdayBritish Columbia has recorded one more death from COVID-19 and 24 new test-positive cases since the last update from health officials on Saturday. Wow, lockdown imminent
Source: CTVNews - 🏆 1. / 99 Read more »

Alberta Health counts 34 new COVID-19 cases, monitoring increase in Edmonton zoneAfter processing some 2,700 tests since Sunday, Alberta counted 34 new cases of COVID-19. Didn't they have a rally 2 weeks ago asking to open up the economy where no one wore masks and called covid a conspiracy? We're all going to die
Source: CTVNews - 🏆 1. / 99 Read more »

Lockdowns ease across Europe, Asia with new tourism rulesThe first day of June saw coronavirus restrictions ease from Asia to Europe to the United States on Monday, even as U.S. protests against police brutality sparked fears of new outbreaks.
Source: CTVNews - 🏆 1. / 99 Read more »