By Alexandra Alper, David Shepardson and Humeyra Pamuk
WASHINGTON (Reuters) – The United States is set to add dozens of Chinese companies, including the country’s top chipmaker SMIC, to a trade blacklist on Friday, two people familiar with the matter told Reuters on Thursday.
The move, which has not previously been reported, is seen as the latest in President Donald Trump’s effort to cement his tough-on-China legacy. It comes just weeks before Democratic President-elect Joe Biden is set to take office on Jan. 20.
In total, the United States is expected to add around 80 additional companies and affiliates to the so-called entity list, nearly all of them Chinese.
The designations by the Commerce Department are expected to name some Chinese companies that Washington says have ties to the Chinese military, including some helping it construct and militarize artificial islands in the South China Sea, as well as some involved in alleged human rights violations, the sources said.
The Trump administration has often used the entity list – which now includes more than 275 China-based firms and affiliates – to hit key Chinese industries.
These include telecoms equipment giants Huawei Technologies Co and 150 affiliates, and ZTE Corp over sanction violations, as well as surveillance camera maker Hikvision over suppression of China’s Uighur minority.
Cow Notes: This is just the latest escalation in what has been a 4 year long battle for social justice against the corrupt and self-absorbed Chinese Government. The have, for decades, scoffed at any request made by the United States and set the tone of the arrangement. With new revelations growing each day, it’s not surprising that a harsher stance has to be taken.
The only major consideration, however, is to wait and see if Joe actually will become the President and to understand how his much softer stance on China will play out. Awful trade deals and a complete collapse of our coal industry.
Keep this in focus, their major corporations are just an extension of the communist party in China. The hack on SolarWinds software and building inner circle relationships with politicians are just part of the gig for for agents of espionage.
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