Five Chinese tech companies were added by the Trump administration to the U.S blacklist on Friday. This move further restricts China’s access to American technology. This also heightens the already high tensions before the planned meeting between U.S President Trump and Chinese President Xi Jinping that will happen next week in Japan.
The Commerce Department announced that it would add four Chinese companies and one Chinese institute to an “entity list,” saying they posed risks to American national security or foreign policy interests. The move essentially bars them from buying American technology and components without a waiver from the United States government, which could all but cripple them because of their reliance on American chips and other technology to make advanced electronics.
Know more of this story over at The New York Times.
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