China on Tuesday expanded its retaliatory measures against the United States by imposing new export and investment restrictions on 25 U.S. firms on national security grounds, while also implementing additional tariffs. The move comes amid escalating trade tensions between the two countries.
Among the newly targeted companies are four U.S. firms placed on China's export control list:
Leidos Holdings: Headquartered in Virginia and involved in developing hypersonic weapons, Leidos was recently awarded a $987 million contract for F-16 fighter jet support for the Taiwanese military.
Gibbs & Cox: Acquired by Leidos in 2021, this naval architecture firm specializes in designing sea surface warships, including anti-submarine warfare frigates for Taiwan.
IPVM: The surveillance company has reported on Chinese surveillance practices, including allegations that Hikvision has collaborated with the Chinese government to monitor minority Uyghurs.
Sourcemap: Providing software solutions for supply chain transparency and due diligence, Sourcemap has been used by global brands to vet cotton sourced from China's Xinjiang region.
Chinese authorities stated that the soybean and lumber import suspensions were prompted by the detection of ergot, seed coating agents, pests, and other contaminants in shipments. While these measures target specific U.S. companies, China refrained from imposing restrictions on major U.S. household names.
The new curbs are part of a broader set of retaliatory actions following U.S. tariffs imposed by the Trump administration. Earlier this week, China levied import duties on $21 billion worth of American agricultural and food products, intensifying the ongoing trade dispute.
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China has issued its highest-level rainstorm warning as Typhoon Bavi approaches the country’s eastern coast, prompting large-scale evacuations and emergency preparations across several provinces amid fears of severe flooding and landslides.
China's technology sector is producing billion-dollar startups at its fastest pace in nearly five years, with artificial intelligence and robotics driving a new wave of investment that is reshaping the country's innovation economy.
Chinese President Xi Jinping has urged China and North Korea to strengthen cooperation and maintain "strategic resolve" amid what he described as growing global instability. He made the remarks during talks with North Korean Premier Pak Thae-song in Beijing on Friday.
China has approved fast-fashion retailer Shein's long-awaited initial public offering (IPO) in Hong Kong, clearing the way for the company to pursue a stock market listing after previous attempts in the U.S. and London failed.
It has been a punishing week for large parts of China, and forecasters warn the worst may not be over. After Typhoon Maysak left a trail of destruction and at least 23 people dead, Super Typhoon Bavi is now threatening the country's eastern coast.
At least 12 people have been killed in forest fires in Almeria in southern Spain, Andalucía’s emergency agency has said, as firefighters continue efforts to put out the blaze.
U.S. President Donald Trump said Washington has agreed to resume talks with Iran after Tehran requested further negotiations, but declared that last month's ceasefire between the two countries was "over".
The U.S. military said on Wednesday it launched fresh strikes on Iran to keep the Strait of Hormuz open to shipping, triggering Iranian attacks on Kuwait and Bahrain in the latest escalation to derail efforts to end the war.
What began as a fan-created chant just months ago has become one of the defining images of this year's FIFA World Cup, with Norway's "Viking Row" sweeping through stadiums, city streets and social media.
A Miami-based tycoon wanted in Albania for allegedly laundering drug money is suspected of faking the deeds to land where Donald Trump’s son-in-law Jared Kushner wants to build a controversial multi-billion dollar resort, the country’s organised crime agency said in case files reviewed by Reuters.
A 26-year-old man arrested on suspicion of murdering British politician Ann Widdecombe has been released and is no longer part of the investigation, UK police have said.
Russia launched a barrage of ballistic missiles at Ukraine’s capital early on Saturday, injuring at least 10 people, officials said. The attack came as Kyiv faces a shortage of air defence munitions while awaiting fresh supplies to counter Russian strikes.
The remains of 10 victims of the 1995 Srebrenica genocide were carried to the Potočari Memorial Cemetery in eastern Bosnia and Herzegovina on Friday ahead of their burial during the 31st anniversary commemoration.
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