Trump administration blacklists Xiaomi as a ‘Communist Chinese language army firm’
With six days left in workplace, the Trump administration has determined to place yet another Chinese language electronics large in its sights: Xiaomi, the world’s quantity three telephone producer. The US Division of Protection is now designating Xiaomi as a “Chinese language Communist army firm,” that means it’s now weak to Trump’s govt order that bans the US from investing in such firms — and would possibly drive US firms and different US traders to divest in Xiaomi on November eleventh, 2021, as reported by Reuters.
Whereas a Biden administration would possibly overturn the order earlier than then, it’s attention-grabbing to see an electronics firm like Xiaomi on the listing in any respect. Many of the different firms on the listing are extra industrially oriented, specializing in aviation, aerospace, shipbuilding, chemical compounds, telecommunications, development, and different types of infrastructure. Huawei, the world’s quantity two phonemaker, can be on the listing, however Huawei builds large-scale telecommunications gear too; US lawmakers have been particularly nervous about Huawei being a part of the nation’s mobile infrastructure (additionally see: ZTE).
This listing isn’t the identical because the US Commerce Division’s “entity listing,” by the way in which, which generally retains US firms from exporting expertise to firms which have been blacklisted, like dronemaker DJI. However some Chinese language firms like Huawei (and Chinese language chipmaker SMIC) are on each lists now.
Talking of the Commerce Division, it’s shifting forward to attempt to block six complete international locations, now designated as “international adversaries,” from offering communications gear to the USA in any respect, together with China, Russia, Iran, North Korea, Cuba, and the federal government of Venezuela’s Nicolás Maduro.
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