The Toddler in Chief strikes again.
U.S. Drafts List of 89 China Firms With Military Ties: Reuters
The Trump administration is close to issuing a list of 89 Chinese aerospace and other companies that would be unable to access U.S. technology exports due to their military ties, Reuters
, a move that could escalate tensions as the Biden administration prepares to take over.
A spokesman for the U.S. Department of Commerce declined to comment, Reuters said.
, or Comac, and
are among the firms named, Reuters reported, citing a draft copy of the list from the U.S. Commerce Department.
Such a declaration would restrict the companies from buying American goods and technology, Reuters said.
The move could fuel already-heightened tensions between the U.S. and China on fronts ranging from trade and Taiwan to the handling of the coronavirus as President-elect Joe Biden prepares to take over from Donald Trump.
AVIC is a state-owned conglomerate with 100-plus subsidiaries and more than 450,000 employees. The Trump administration in June put AVIC on a list of companies it said were controlled or owned by China’s People’s Liberation Army. The firm also runs a civilian business that makes airliners and private jets — some built with parts made by joint ventures with American companies.
In its latest forecast on China’s commercial aviation market, Boeing said the country’s airlines are likely to buy 8,600 new planes over the next 20 years for a total of $1.4 trillion.
The U.S. list comes after Trump earlier this month signed an order barring American investments in Chinese firms owned or controlled by the military, as he increases pressure on Beijing in his final months in office.
The U.S. Securities and Exchange Commission is
with a plan that threatens to kick Chinese firms off U.S. stock exchanges, Bloomberg reported last week, intending to propose a regulation by year-end that would lead to the delisting of companies for not complying with America’s auditing rules.
Reuters also
Sunday that a senior U.S. military officer who oversees intelligence gathering for the Indo-Pacific Command made an unannounced visit to Taiwan, a move that risks further raising tensions between Washington and Beijing.
