Air Freight News

China Says It Will Take ‘Necessary Measures’ on U.S. Blacklist

The Chinese government said it will take “necessary measures” to safeguard the interests of domestic companies, after fresh U.S. restrictions on a blacklist of 33 companies took effect Friday.

Without specifying what the measures would be, the Ministry of Commerce issued a statement saying that it opposed moves to make 33 Chinese companies subject to curbs on access to U.S. technology on the grounds that they have ties to the military or are involved in human rights violations.

The U.S. “has repeatedly used so-called national security grounds, abused export controls and other measures to strike at companies in other countries, causing serious damage to the international economic and trade order,” according to the statement. “This does not help China, the U.S. or the world.”

The U.S. Department of Commerce in May expanded its so-called entities list, which restricts access to American technology and other items, to include 24 Chinese companies and universities it said had ties to the military and another 9 entities it accused of human rights violations in Xinjiang. China has for the past year threated to produce its own “unreliable entities” list, but has so far not done so.

Bloomberg
Bloomberg

{afn_job_title}

© Bloomberg
The author’s opinion are not necessarily the opinions of the American Journal of Transportation (AJOT).

Similar Stories

https://www.ajot.com/images/uploads/article/methamphetamine.jpg
CBP intercepts over $30 million in methamphetamine at the Pharr International Bridge
View Article
https://www.ajot.com/images/uploads/article/DREW_%28new%29.JPG
WTCA Forum 2024 in New York underscores importance of international collaboration
View Article
ACD celebrates 2024 Annual Meeting in La Quinta, California

Today, the Alliance for Chemical Distribution (ACD) welcomed 666 members and industry leaders for its highly anticipated 2024 Annual Meeting held in La Quinta, California.

View Article
Holiday spending still on track for steady growth amid ‘mixed signals’ in recent jobs and GDP data

The National Retail Federation still expects steady sales growth for the winter holiday season despite contradictions in the latest economic indicators, NRF Chief Economist Jack Kleinhenz said today.

View Article
Trump Presidency will reignite US-China trade war and threaten a spike in ocean container shipping markets / Xeneta

Donald Trump’s victory in the US Presidential Election is ‘a step in the wrong direction’ for international trade as importers fear another spike in ocean container shipping freight rates.

View Article
https://www.ajot.com/images/uploads/article/Census_Bureau.png
U.S. international trade in goods and services, September 2024
View Article