Business, Politics

November 24, 2020

Trump administration targets Chinese firms with military ties

Source: Pexels (Karolina Grabowska) 
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The Gist

89 Chinese companies are have been listed as having military ties, and may face sanctions by the United States in the coming weeks. 

The List

  • A document obtained by Reuters suggests that the Trump administration is planning to add sanctions for 89 Chinese companies in the aerospace industry.
  • Sanctions would include restrictions on purchasing materials from the United States. 
  • It is believed that these 89 firms have ties to the Chinese military. 
  • Almost every company operating in China is owned by the Chinese government. 
  • 28 Russian companies were also listed. 
  • US officials claim the sanctions are vital to upholding national security. 

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