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After the establishment of Communist rule in China in 1949, an embargo against the sale of military technology or infrastructure, previously levied against the Soviet Union, was expanded to include the newly established People's Republic of China. [2] Following the onset of the Korean War, further trade restrictions were imposed. [3]
China's three unilateral sanctions programs are separately administered by the Ministry of Foreign Affairs, Ministry of Commerce, and the Taiwan Affairs Office. The Ministry of Foreign Affairs maintains a sanctions list that imposes travel, trade, and financial restrictions against targeted individuals and entities accused of interfering with ...
bans on arms-related exports, [11] controls over dual-use technology exports,; restrictions on economic assistance; financial restrictions such as: authority to prohibit U.S. citizens from engaging in financial transactions with the individuals, entities, or governments on the list, except by license from the U.S. government
China on Wednesday sanctioned 12 U.S. defense-related companies and 10 executives over arms sales to Taiwan in retaliation for earlier American sanctions on Chinese companies tied to Russia.
China filed a World Trade Organization complaint on Wednesday against U.S. President Donald Trump's new 10% tariff on Chinese imports and his cancellation of a duty-free exemption for low-value ...
President Donald Trump has pushed into new trade law territory with an emergency sanctions law to justify punishing 25% tariffs on Canadian and Mexican imports and an extra 10% duty on Chinese ...
At first, the embargo applied only to arms sales; however, it later expanded to include other imports, eventually extending to almost all trade on February 7, 1962. [58] Referred to by Cuba as "el bloqueo" (the blockade), [ 59 ] the US embargo on Cuba remains as of 2022 [update] one of the longest-standing embargoes in modern history. [ 60 ]
One aspect of Trump’s ongoing crackdown on trade with China may have bipartisan support: eliminating the de minimis exemption. Major Chinese companies shipping to the U.S. must pay customs ...