China's Ministry of Commerce has added 12 US companies to its export control list and another six to its unreliable entities list, effective Thursday.
This was contained in a statement released on Wednesday.
DAILY POST reports that companies added to the export control list include American Photonics and Novotech.
Exports of dual-use items to these companies will be banned.
Those added to the unreliable entities list, including Shield AI and Sierra Nevada Corporation, will be banned from China-related import and export activities and investing in China.
It will be recalled that China said it would take in response to the US President Donald Trump’s latest 104% tariffs on imports from China.
This was after US President Donald Trump confirmed that a took effect on Wednesday.
Eze Chidiebere Paul
I'm dedicated to creating high-quality content that informs, inspires, and delights. If you have any questions or suggestions, don't hesitate to get in touch. Happy reading!
