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China Strikes Back at U.S. Sanctions With New Export Ban Targeting Defense Firms

June 23, 2026
Source: ibtimes.com ibtimes.com
News Snapshot:
China has retaliated against recent U.S. sanctions targeting some of its largest technology companies by imposing new export restrictions on a group of American defense-related firms.The measures, announced Monday by China's Ministry of Commerce, prohibit 10 U.S. companies from receiving Chinese dual-use goods, which are products and materials with both civilian and military applications.The move comes weeks after the Pentagon expanded its list of companies it says have ties to China's military, adding major Chinese firms including Alibaba, Baidu, BYD, CXMT, and other technology and industrial giants.According to Chinese authorities, the newly targeted American companies include rare earth producers MP...
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