In a fresh escalation of trade tensions, a spokesperson for the Ministry of Commerce of the Chinese mainland voiced strong opposition to Washington's latest move to place multiple entities on its export control list.
The U.S. Department of Commerce announced it would target several entities on the Chinese mainland citing so-called national security concerns. The spokesperson said the United States has been overstretching the concept of national security, abusing export control measures and long-arm jurisdiction, and imposing sweeping sanctions on Chinese mainland companies.
Global Supply Chains at Stake
The spokesperson warned that such actions have severely undermined the legitimate rights and interests of enterprises and disrupted the security and stability of global industrial and supply chains. From tech components to industrial materials, businesses around the world could face uncertainty as export rules tighten.
What Comes Next?
China strongly opposes the U.S. move and has urged Washington to immediately correct its practices. The spokesperson emphasized that the Chinese mainland will take necessary measures to resolutely safeguard the legitimate rights and interests of its entities. As both sides stand firm, global businesses are watching closely for the next steps in this high-stakes trade dispute.
Reference(s):
China opposes U.S. move to add Chinese entities to export control list
cgtn.com
