Chinese companies hit with U.S. trade restrictions over spy balloon incident

  • 📰 globeandmail
  • ⏱ Reading Time:
  • 24 sec. here
  • 49 min. at publisher
  • 📊 Quality Score:
  • News: 177%
  • Publisher: 92%

Canadian News News

Canada News,Breaking News Video,Canadian Breaking News

Biden administration continues to punish Beijing over the spy balloon, which drifted over U.S. in February 2023

The Biden administration added 37 Chinese entities to a trade restriction list on Thursday, including some for allegedly supporting the spy balloon that flew over the United States last year, heightening tensions between Beijing and Washington.

The Chinese embassy in Washington called the move “blatant economic coercion and bullying in the field of technology,” and said China would resolutely safeguard the lawful rights of Chinese firms and institutions. That month, the Commerce Department added five companies and one research institute to the entity list for supporting “China’s military modernization efforts, specifically the People’s Liberation Army’s aerospace programs including airships and balloons.”

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in CA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Canada Canada Latest News, Canada Canada Headlines