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Trump administration takes final swipes at China and its companies

Trump administration takes final swipes at China and its companies

26 Sept 08:31 Key points summarised by AI
  • The Trump administration imposed sanctions on Chinese officials and the state-owned oil giant CNOOC for alleged coercion in the South China Sea.
  • Nine more Chinese firms, including planemaker Comac and phone maker Xiaomi, were added to a Pentagon list for alleged ties to the Chinese military, triggering an investment ban.
  • U.S. investors must divest holdings in these newly blacklisted companies by November 11, 2021, further escalating tensions with China days before President-elect Joe Biden takes office.
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