Trump administration slaps 24 Chinese companies with new trade restrictions

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This is the second move from the Department of Commerce in the past week to clamp down on U.S. exports to China.

The companies include various technology and research firms, such as CloudMinds, based in Beijing, which operates cloud-enabled robotic systems, and Qihoo 360, also in Beijing, which develops antivirus software.

The regulations specify key products that the Department of Commerce controls under this licensing regime that could implicate national security, foreign policy or nonproliferation concerns. They place a substantial focus on so-called"dual use" items which may be sold for civilian use but could have military applications as well.

Last Friday, the department announced a new rule seeking to restrict the ability of Huawei—China's crown jewel telecommunications company—to access critical inputs. The action was prompted by what Ross described as an evasion of earlier restrictions when the company was added to the Entity List in May 2019.

 

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More of the same, Trump thinks tariffs fix everything, by having consumers ta home pay more he fixes nothing

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