Us china trade war: In response to Donald Trump’s 104 percent tariff, Bijing has imposed a tariff of 84 percent on the US. Right now America was not even consumed by this attack of China that the government of Xi Jinping has taken strict action on 18 US companies. The Chinese government on Wednesday put 12 US companies on its export control list and announced to include 6 American companies in the list of “unrealistic entities”.
Why did China do this
According to the Global Times report, the Chinese Ministry of Commerce said that these companies were accused of selling weapons to Taiwan or with military technical cooperation with there. This is the reason why these 6 American companies have been included in the list of “incredible institutions”.
What are these companies
Shield AI, Inc.
Sierra Nevada Corporation
Cyberlux Corporation
Edge Autonomy Operations LLC
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Hudson Technologies Co
What did China say on this?
A spokesman for the Chinese Commerce Ministry (MOFCOM) said that these companies are selling weapons to Taiwan despite China’s opposition, which is threatening China’s sovereignty and security. He said, “China will take legal action against these companies.”
In addition, a spokesman for the Chinese Ministry of Commerce of China also clarified that China has always used the list of “incredible institutions” and has taken action against only those foreign companies that harm China’s national security.
He said, “Foreign companies that follow the law do not need to worry. The Chinese government welcomes companies around the world and is committed to give them a stable and fair environment for investment and business here.”
What is the whole matter?
In fact, China considers Taiwan as its integral part and considers military cooperation or selling weapons there as a threat to its safety. Many countries including America have been giving military assistance to Taiwan, on which China has repeatedly objected. Now after joining the “incredible list”, these companies may face legal restrictions in trade in China.
Also read: US China Tariff War: China’s befitting reply to Donald Trump’s tariff, 84 percent tariff imposed on American products