Friday, May 31, 2019

FURTHER ESCALATION: China Steps Up Trade War and Plans Blacklist of U.S. Firms

The Chinese government said on Friday that it was putting together an “unreliable entities list” of foreign companies and people, an apparent first step toward retaliating against the United States for denying vital American technology to Chinese companies, reports The New York Times.

China’s Ministry of Commerce said the list would contain foreign companies, individuals and organizations that “do not follow market rules, violate the spirit of contracts, blockade and stop supplying Chinese companies for noncommercial reasons, and seriously damage the legitimate rights and interests of Chinese companies.”

Blame this madness on Trump, as the Times notes:
[T]he language echoes that of the United States government, which in recent months has placed Chinese companies on what it calls an “entity list” of firms that need special permission to buy American components and technology. Two weeks ago the Trump Administration placed Huawei, the Chinese maker of telecommunications gear, on the entity list, which could deny it access to microchips, software and other American-provided technology it needs to make and sell its products.

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