China's Ministry of Commerce has escalated trade tensions by adding 11 U.S. companies to its 'unreliable entity list'—a move targeting firms accused of undermining national security. Here's what you need to know:
The list now includes major players like drone maker Skydio and BRINC Drones, which reportedly engaged in military-tech collaboration with the island of Taiwan despite China's objections. The ministry stated these actions 'seriously harmed China's sovereignty,' sparking immediate import/export bans and investment freezes.
Key Details:
Restricted firms include Skydio Inc., Red Six Solutions, Insitu Inc., and eight others.
Companies allegedly supplied tech to Taiwan region, violating cross-strait norms.
New investments in China and trade activities are now barred for these entities.
China emphasized the move was 'prudently targeted' and assured 'law-abiding foreign companies have nothing to fear.' The government reiterated its commitment to a 'stable, fair business environment' for global firms complying with its laws.
Here's what you need to know:
Key Details:
Restricted firms include Skydio Inc., Red Six Solutions, Insitu Inc., and eight others.
Companies allegedly supplied tech to Taiwan region, violating cross-strait norms.
New investments in China and trade activities are now barred for these entities.
The government reiterated its commitment to a 'stable, fair business environment' for global firms complying with its laws.
China Restricts Exports to 12 U.S. Tech &…
