U.S. Restricts Sales of Sensitive Goods to China
The U.S. fired another shot in the escalating trade war with China.
The Department of Commerce's Bureau of Industry and Security (BIS) added 44 Chinese entities to an export control list. Foreign companies on the list face tough restrictions on buying American goods that are controlled under U.S. Export Administration Regulations, according to a notice published Wednesday in the Federal Register.
The move, effective Wednesday, coincided with confirmation that President Donald Trump is considering more than doubling its planned tariffs on $200 billion of Chinese imports. Beijing reacted angrily to the news, accusing Trump of “blackmail” and threatening retaliation.
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