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The companies include Huafu Fashion Co., one of the world's largest textile manufacturers, and 25 of its subsidiaries, which the U.S. has linked to forced-labor practices in China's cotton industry.
WASHINGTON (Reuters) -U.S. senators introduced legislation on Thursday to harden the ban on selling crude oil from the Strategic Petroleum Reserve (SPR) to China. The bill, introduced by Senators ...
China's Ministry of Commerce said it would impose measures on 28 U.S. entities and would also prohibit exports of dual-use items to the listed companies starting on Thursday, reported the Global ...
Since June 2022, the entity list has grown to a total of 75 companies accused of using forced labor in Xinjiang or sourcing materials tied to that forced labor, Homeland Security said. Baowu Group Xinjiang Bayi Iron and Steel Co. Ltd and Changzhou Guanghui Food Ingredients Co. Ltd. were the Chinese companies newly added to the list.
According to some U.S. semiconductor firms, the new export controls will have "negative ripple effects" on future investment in research. They cite a decrease in sales to China and a congested supply chain which in turn reduces revenues, thereby reducing capital previously allocated to fund research for the next generation of chips or equipment.
The United States government applies economic sanctions against certain institutions and key members of the government of the People's Republic of China and its ruling Chinese Communist Party (CCP), certain companies linked to the People's Liberation Army (PLA), and other affiliates that the U.S. government has accused of aiding in human rights abuses.
China also announced 10% tariffs on imports of U.S. farm equipment that could impact firms such as Caterpillar, Deere & Co and AGCO, as well as a small number of trucks and big-engine sedans ...
tax credits for companies and individuals denied, for income earned in listed countries, duty-free goods exemption suspended for imports from those countries, and; prohibition of U.S. Defense Department contracts above $100,000 with companies controlled by countries on the list. [11] visa restrictions that prevent certain individuals from ...