China retaliates against Pentagon blacklist by restricting exports to 10 U.S. firms
By
Anniek Bao
Summary
China retaliated against the Pentagon's updated 1260H blacklist by imposing export restrictions on 10 U.S. companies, including rare earth miners MP Materials Corp and USA Rare Earth, and drone makers Teal Drones and Jaia Robotics. The Chinese Ministry of Commerce barred exports of dual-use items from China to these firms, escalating trade tensions between the two countries.
Source
bskyChina retaliates against Pentagon blacklist by restricting exports to 10 U.S. firmscnbc.comKey quotes
· 3 pulledChina imposed fresh trade restrictions on dozens of U.S. entities on Monday, retaliating against Washington's move to add more Chinese companies to a Pentagon list of businesses it accuses of aiding Beijing's military.
The Chinese Ministry of Commerce placed 10 American industrial suppliers on its export control list, including rare earth miners MP Materials Corp and USA Rare Earth, and drone makers Teal Drones and Jaia Robotics — barring exports of any dual-use items originating in China to the companies.
The Pentagon earlier this month updated its so-called 1260H list by adding a slew of Chinese technology companies to a roster of entities it believes have aided Beijing's military.
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