With six days left in workplace, the Trump administration has determined to place another Chinese language electronics big in its sights: Xiaomi, the world’s quantity three telephone producer. The US Division of Protection is now designating Xiaomi as a “Chinese language Communist army firm,” which means it’s now susceptible to Trump’s executive order that bans the US from investing in such corporations — and would possibly drive US corporations and different US traders to divest in Xiaomi on November eleventh, 2021, as reported by Reuters.
Whereas a Biden administration would possibly overturn the order earlier than then, it’s attention-grabbing to see an electronics firm like Xiaomi on the checklist in any respect. A lot of the different corporations on the list are extra industrially oriented, specializing in aviation, aerospace, shipbuilding, chemical substances, telecommunications, development, and different types of infrastructure. Huawei, the world’s quantity two phonemaker, can be on the checklist, however Huawei builds large-scale telecommunications gear too; US lawmakers have been particularly anxious about Huawei being part of the nation’s cellular infrastructure (also see: ZTE).
This checklist isn’t the identical because the US Commerce Division’s “entity checklist,” by the best way, which generally retains US corporations from exporting know-how to corporations which were blacklisted, like dronemaker DJI. However some Chinese language corporations like Huawei (and Chinese chipmaker SMIC) are on each lists now.
Talking of the Commerce Division, it’s moving ahead to attempt to block six whole international locations, now designated as “international adversaries,” from offering communications gear to america in any respect, together with China, Russia, Iran, North Korea, Cuba, and the federal government of Venezuela’s Nicolás Maduro.