The inclusion of the companies in the trade “Entity List” means that export licenses will likely be denied for any U.S. company trying to do business with them.
FILE - U.S. President Joe Biden, right, and Chinese President Xi Jinping shake hands before a meeting on the sidelines of the G20 summit meeting, on Nov. 14, 2022, in Bali, Indonesia. The U.S. Department of Commerce is adding 36 Chinese high-tech companies, including makers of aviation equipment, chemicals and computer chips, to an export controls blacklist, citing concerns over national security, U.S. interests and human rights. – The U.S.
Yangtze Memory Technology Co., a computer chip maker based in the central city of Wuhan, and its Japan unit were included in the list for “posing a significant risk of becoming involved in activities contrary to the national security or foreign policy interests of the United States," according to the document.
Some of the companies were included in the list for being at “risk of diversion" to other companies on the entity list or are accused of illegally exporting U.S. electronics subject to export controls to Iran for military use.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Department of Commerce issues disasters for Alaska fisheriesThe U.S. Department of Commerce announced a series of disaster declarations for Alaska’s crab and salmon fisheries on Friday.
Read more »
US puts 3 dozen more Chinese companies on trade blacklistThe U.S. Department of Commerce is adding 36 Chinese high-tech companies, including makers of aviation equipment, chemicals and computer chips, to an export controls blacklist, citing concerns over national security, U.S. interests and human rights.
Read more »
Biden to remove some Chinese companies from a ‘red-flag’ trade listPresident Biden plans to remove Chinese companies from the red-flag trade list, signaling his desire to improve ties with the communist country on issues such as climate change.
Read more »
Japan extends long trade deficit run, slow Chinese demand stokes worryJapan logged a trade deficit for a 16th straight month in November as imports surged to a record level, while subdued growth in exports to China fanned concern about how COVID disruptions there could impact other economies.
Read more »
US puts 3 dozen more Chinese companies on trade blacklistThe U.S. Department of Commerce is adding 36 Chinese high-tech companies, including makers of aviation equipment, chemicals and computer chips, to an export controls blacklist, citing concerns over national security, U.S. interests and human rights.
Read more »
St. Louis picks Delaware chief to lead police departmentSt. Louis officials have chosen the Wilmington, Delaware, police chief to lead its police department. Before being named Wilmington police chief, he worked in the New York City and Chicago police departments.
Read more »