By Reuters Staff
1 Min Read
WASHINGTON (Reuters) - The U.S. Commerce Department on Thursday issued interim rules aimed at the securing the nation’s communication and technology supply chain that would prohibit certain transactions with Russia, China, Iran, Venezuela, North Korea and Cuba.
The rule will become effective in 60 days, it said in a statement.
Reporting by Susan Heavey
NBN caught in the middle of a geopolitical storm
NBN Co s fragile supply chain reflects rising geopolitical and trade tensions between the US and China. It could also point to a tectonic shift in global tech leadership.
Dec 22, 2020 – 12.00am
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Global supply chains will never be the same thanks to the combination of COVID-19 and the United States’ trade and technology war with China.
Companies using inputs from third parties can no longer rely on the just-in-time supply of manufactured goods. This means holding higher levels of inventory to ensure security of supply to customers.
This clearly means high working capital costs which will have to be borne by the purchasers of the goods.
SMIC fears adverse impact on advances chip research due to US blacklist hindustantimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hindustantimes.com Daily Mail and Mail on Sunday newspapers.
Rachel Latsios and her son, Socrates Latsios pick out Christmas cookie cutters at Sparrow Hawk Gourmet Cookware on Wednesday, Dec. 16, 2020. Sparrow Hawk is one of the downtown businesses that has been resilient during COVID, partly because while people have been stuck at home they’ve been getting into cooking. (Photo by Jerilee Bennett, The Gazette)
JERILEE BENNETT
Drone Giant DJI Added to U.S. Blacklist
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Photo: Raul Marrero/Gizmodo
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The U.S. Commerce Department on Friday added drone maker DJI to its “Entity List,” effectively banning U.S. companies from doing business with the China-based firm.
The addition of DJI to the Entity List, first reported by Reuters, marks a last-minute acceleration in the Trump administration’s crackdown on Chinese firms and follows similar action against Huawei, which was added to the list last year on national security grounds. The move comes just weeks before President-elect Joe Biden takes office. Biden has criticised Trump’s handling of U.S.–China relations, which have boosted tensions between the two countries and set the stage for what some cal