US Bans Trade With Dozens Of Chinese Firms

  • 18/12/2020

Washington : As per reports, the US has banned Americans from trading with dozens of Chinese companies. On Friday Commerce Secretary Wilbur Ross revealed the new move citing national defense reasons. While speaking to media, he said "There are 77 names that have been put on the list, of which 11 are related to Semiconductor Manufacturing International Corp. Forty-nine are other Chinese and 17 are from countries other than China, also for similar national defense reasons." Among the grand total on the entity list to 689 companies, of which 296 are Chinese. And 150 of those are related to Huawei, the big 5G company.  
    

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