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US Plans To Add 36 Chinese Companies To Trade Blacklist

Source: cnet.com cnet.com
News Snapshot:

The Biden administration plans to impose trade restrictions on an additional 36 Chinese companies, including the country's top chipmaker Yangtze Memory Technologies, according to a report published Thursday by the Financial Times. The Financial Times report says those 36 companies will be added to the US Entity List "as early as this week." Companies placed on the Entity List are banned from conducting business transactions with US suppliers unless they received a special export license from the US Department of Commerce. This is the US's latest effort to block Chinese companies, which Washington sees as a threat to national security,…

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