China brought sanctions to US companies – Cyprus Newspaper
China, the United States within the scope of « mutual tariffs » to import products from the country against the increase of customs duties, export bans, restrictions and investigations against US companies announced sanctions.
According to a statement from the Chinese Trade Ministry, 27 US company was added to export control or ban lists. While the export of 16 of the companies with military and civilian use of the companies was banned, 11 companies were included in the “unreliable asset” list where export ban was implemented.
The Ministry reported that 16 US companies were included in the export checklist in order to protect China’s national security and interests and to comply with international obligations to prevent the spread of weapons.
Defense, aviation, drone production, intelligence and logistics will be subject to the export audit of the companies in question to China.
Among them, 11 companies with unmanned aircraft manufacturers such as Skydio and Brink Drones, while China’s sovereignty conflict cooperates with Taiwan and technology, therefore included in the “unreliable asset” list.
An antitekel investigation was launched to the US group
The Ministry also reported that the dumping investigation into some of the US and India imported medical tomography tube products and a competition investigation for general imports of products in this category.
Meanwhile, the Chinese state market regulation administration launched an investigation on suspicion of violating the laws of the US multinational chemical company Dupont on the suspicion of violating the Chinese affiliate laws.
The Chinese General Administration of Customs canceled the permits of 6 companies from the United States to China’s winged animal products and vacuum vulgar exports.
After Trump’s « mutual tariff » increase
China’s name came after President Donald Trump in the United States announced that it would bring an additional 34 percent customs tariff to China within the scope of “mutual tariffs”.
The Washington administration announced that a total of 34 percent additional customs tariffs will be introduced to China, a total of 24 percent “mutual tariff”.
With the new tariff increases, the minimum customs tariff applied by the US to imported products from China was up to 54 percent.
The Beijing administration announced that it would apply additional tariffs against the 34 percent increase in tariffs brought by the US within the scope of “mutual tariffs” and also imposed restrictions on the exports of some rare land elements.
