News Formal

US approved US$23 billion worth of licenses to ship US tech to blacklisted Chinese companies early last year: Lawmaker

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 10 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 7%
  • Publisher: 66%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

The Biden administration approved more than US$23 billion worth of licenses for companies to ship US technology to blacklisted Chinese companies in the first quarter of last year, Republican Congressman Michael McCaul said on Tuesday. McCaul also said the Commerce Department, which oversees export controls

The Biden administration approved more than US$23 billion worth of licenses for companies to ship US technology to blacklisted Chinese companies in the first quarter of last year, Republican Congressman Michael McCaul said on Tuesday.

McCaul also said the Commerce Department, which oversees export controls, denied only 8 per cent of license requests to sell to those companies during the January to March period last year.

 

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

 /  🏆 6. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

US approved $23 billion worth of licenses to ship US tech to blacklisted Chinese companies early last year- lawmaker(Corrects typographical error in headline) The Biden administration approved more than $23 billion worth of licenses for companies to ship U.S. technology to blacklisted Chinese companies in the first quarter of last year, Republican Congressman Michael McCaul said on Tuesday.McCaul also said the C
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »