U.S. Increasingly Uses Trade Blacklist for Foreign Policy Goals - News Summed Up

U.S. Increasingly Uses Trade Blacklist for Foreign Policy Goals


Trade sanctions placed on two dozen Chinese companies last week illustrate how the U.S. Commerce Department has been increasingly using its export blacklist as a tool to further U.S. foreign policy goals, government officials and policy observers say. But the Trump administration has increasingly cited national security as a rationale for restricting exports, international trade experts say. The surge coincides with a 2018 law that gave the Commerce Department the authorities to tighten exports of U.S. technology. The Commerce Department put the company, a behemoth in China’s Belt and Road initiative, on its blacklist last week. The Commerce Department issued new rules in May curbing Huawei’s access to foreign-made chips, which were broadened and finalized in mid-August.


Source: Wall Street Journal August 31, 2020 22:18 UTC



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