China Sanctions 7 US Firms and Tightens Drone Exports as Xi-Trump Summit Nears
Updated
Updated · CNN · Aug 5
China Sanctions 7 US Firms and Tightens Drone Exports as Xi-Trump Summit Nears
3 articles · Updated · CNN · Aug 5
Summary
Seven US companies were hit with Chinese sanctions on Wednesday, while Beijing also tightened export controls on drones and related components bound for the United States.
China said the move retaliates for Washington's latest restrictions, including last week's ban on imports from 43 Chinese companies and the FCC's earlier curbs on Chinese-made robots, power converters and drones.
The measures bar Chinese entities and individuals from doing business with the listed firms, add a national security probe into imported office equipment using foreign system software, and suspend some factory-tracking inspection cooperation with the US.
The escalation widens a tech and trade clash that has recently included US sanctions on Chinese shipping operators, Pentagon blacklists and 10% to 12.5% tariffs, even as both sides prepare for an expected Xi-Trump summit next month.