U.S. expands export blacklist targeting Chinese subsidiaries

AWANI

The U.S. expanded export restrictions to include subsidiaries of Chinese firms, drawing criticism from Beijing and raising concerns over global supply chain disruptions.

Transcript

00:00Welcome back. The United States has moved to close a loophole in its export controls,

00:06targeting subsidiaries of Chinese and other companies already restricted from U.S. exports

00:11to prevent them from evading limits on critical technologies.

00:15Beijing has criticised the move, warning it could disrupt global supply chains in sectors, including semiconductors.

00:23The U.S. Commerce Department issued a rule automatically extending export restrictions

00:28to any subsidiary owned 50% or more by a company on its restricted export list, known as the Entity List.

00:36That means far more firms now need a licence to receive American goods and services.

00:41China's Commerce Ministry criticised the decision as egregious,

00:45warning it would disrupt international trade and destabilise global supply chains.

00:49Analysts said the move will likely impact Chinese tech firms like Huawei, Hikvision and DJI,

00:55along with factories producing aircraft and medical devices.

00:59Washington defends the measure as necessary for national security,

01:03calling it a way to stop companies from creating shell entities to evade restrictions.

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