Reported 9 days ago
China's commerce ministry has imposed restrictions on 18 U.S. defense firms in retaliation for President Trump's new 50% tariff on Chinese imports. Twelve companies have been added to a control list prohibiting exports of dual-use items, while six firms were classified as 'unreliable entities' due to military ties with Taiwan, facing bans on import-export activities in China. This is part of broader trade tensions, with China also increasing its tariffs on U.S. goods, raising the total additional duties to 84%.
Source: YAHOO