China Places 15 U.S. Companies on Export Control List
reuters
China has added 15 U.S. companies to its export control list, citing national security concerns, amid ongoing trade tensions between the two nations.
In response to U.S. President Donald Trump's tariff policies, China is set to impose new duties on a range of U.S. agricultural products starting March 10. According to China's Ministry of Commerce, the new tariffs will target several key commodities, with rates ranging from 10% to 15%.
The 15% duty will be applied to products like chicken, wheat, corn, and cotton, while a 10% tariff will be imposed on sorghum, soybeans, pork, beef, aquatic products, fruits, vegetables, and dairy items. In addition to the tariffs, China is taking further action by adding 15 U.S. companies to its export control list, citing national security concerns.
The Chinese Ministry of Commerce explained that these companies pose a threat to the country’s security and interests, and as a result, Chinese suppliers will be prohibited from selling dual-use goods to these entities. This move underscores the escalating trade tensions between the two nations, as both sides continue to implement retaliatory measures.
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