Chinese smartphone maker Xiaomi has sued the US government over its inclusion on an investment blacklist.Xiaomi denied being controlled by Beijing, and said the investing ban would cause"irreparable harm."Chinese smartphone giant Xiaomi has sued the US government over President Donald Trump's decision to add it to a blacklist that would block American investment.on January 15, days before President Joe Biden's inauguration.
Xiaomi, one of the world's biggest smartphone manufacturers, is now suing the Department of Defense, the Treasury Department, defense secretary Lloyd Austin, and treasury secretary Janet Yellen. labeled firms added to the list"communist Chinese military companies." It also said it would block Americans from investing in them, and ordered any Americans with holdings in the companies to sell their stakes within a year.in a Washington district court on Friday, demanding the government remove it from the list. The company denied being controlled by Beijing, and said an investment ban would cause"immediate and irreparable harm to Xiaomi.
After Xiaomi was added to the list, its stock, which had nearly doubled since it went public in the US in 2018, plunged
Yet the GOP continues to spread the false conspiracy theories that Dems are somehow PRC agents 🤦🏼♀️. They have yet to find a conspiracy theory they don’t believe when it comes to slandering Democrats.
Do you think this is what people really need right now?