China has announced new trade measures against US companies, adding 10 American firms to its export control list and restricting 46 US companies from participating in Chinese government procurement.
China’s Ministry of Commerce said the export controls were introduced in response to recent US actions, including the expansion of the US Department of Defense’s list of Chinese military-linked companies. The measures prohibit exports of Chinese dual-use goods to the designated firms and take immediate effect.
Key developments:
- 10 US firms, including MP Materials and USA Rare Earth, were added to China’s export control list.
- 46 US companies, including Lockheed Martin, Raytheon Missiles & Defence, and Boeing Defence, Space & Security, face government procurement restrictions.
- Chinese officials said the measures are intended to protect national security and uphold export control regulations.
Analysts said the actions reflect continuing strategic competition between the United States and China, while noting that broader diplomatic engagement, including President Xi Jinping’s planned US visit in September, could help manage tensions.
ℹ️ SCMP
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