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 is raising domestic petrol and diesel prices under temporary measures to manage a sharp surge in global oil costs, aiming to support fuel suppliers while maintaining market stability during a period of heightened volatility.
Australia and the European Union signed a trade deal on Tuesday that was eight years in the making, removing tariffs for almost all European goods and for nearly all exports of Australian critical minerals.
Chinese researchers have announced a major breakthrough in lithium battery technology - a development that could significantly improve the performance, safety and lifespan of batteries used in everything from smartphones to electric vehicles.
Uzbekistan has outlined plans to select its first astronaut and launch two Earth observation satellites, as it steps up efforts to build a national space programme and strengthen its scientific and technological capacity.
U.S. President Donald Trump said the U.S. was talking to the right people in Iran to make a deal on Tuesday (24 March), as Pakistan's Prime Minister offered to host peace talks between the two countries to bring about an end to the conflict.
Afghan authorities say Pakistani jets entered northern Afghanistan, while Pakistan insists its actions target terrorism, highlighting continued strain after a temporary Eid ceasefire ended.
As conflict continues to unsettle the Middle East, airlines are being forced to make difficult, fast-moving decisions - redrawing flight paths and searching for safe skies. Amid this uncertainty, Azerbaijan has emerged as a crucial gateway linking Europe and Asia.
Both the United States and Iran are giving conflicting messages about trying to end the conflict in the Middle East, meanwhile Pakistan has offered to be a mediator and a reported 15 point plan has been sent to Tehran. Welcome to AnewZ's coverage of the tensions in the Middle East.
FinaFinal results from Slovenia’s parliamentary elections indicate a near tie between the Slovenian Democratic Party (SDS) and the liberal Freedom Movement Slovenia (GS), leaving neither side with a clear path to power.
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British police said they arrested two men in connection with the suspected antisemitic arson attack on four Jewish community ambulances in north London earlier this week.
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Moldova's parliament approved the introduction of a 60-day energy state of emergency after Russian attacks in neighbouring Ukraine knocked out of service a power line providing most of the country's energy. Deputies approved the measure with 72 votes in favour in the 101-member chamber.
A New Mexico jury on Tuesday found Meta Platforms violated state law in a lawsuit brought by the state attorney general, who accused the company of misleading users about the safety of Facebook, Instagram and WhatsApp and of enabling child sexual exploitation on those platforms.
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