US adds Chinese firms SMIC, DJI to blacklist as tensions flare-up
Trump s administration ratchets up tensions with China in his final weeks in office.
(AP)
. Updated: 19 Dec 2020, 08:58 AM IST Agencies
The move is seen as the latest in US President Donald Trump s efforts to burnish his tough-on-China image, in his final weeks in the White House, as part of a lengthy fight between Washington and Beijing over trade and numerous economic issues
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The United States Commerce Department announced it s blacklisting dozens of Chinese firms, including the country s top chipmaker SMIC and Chinese drone manufacturer SZ DJI Technology Co Ltd, and over 60 other Chinese companies to protect US national security.
US stocks slide from records as wait continues for Congress fredericknewspost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fredericknewspost.com Daily Mail and Mail on Sunday newspapers.
Trump administration adds dozens of Chinese firms including SMIC, DJI to trade blacklist
The move is seen as the latest in Republican Trump s efforts to burnish his tough-on-China image as part of lengthy fight between Washington and Beijing over trade and numerous economic issues
Reuters | December 19, 2020 | Updated 14:14 IST
China s foreign ministry said that if true, the blacklisting would be evidence of U.S. oppression of Chinese companies and that Beijing would continue to take necessary measures to protect their rights
The United States added dozens of Chinese companies, including the country s top chipmaker SMIC and Chinese drone manufacturer SZ DJI Technology Co Ltd, to a trade blacklist on Friday as US President Donald Trump s administration ratchets up tensions with China in his final weeks in office.
U.S. stocks slide from records as wait continues for Congress
Technology stocks, banks and companies that rely on consumer spending account for a big slice of the decline.
By STAN CHOE and ALEX VEIGAAssociated Press
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Trader Ashley Lara, left, works on the floor of the New York Stock Exchange during the Golden Falcon initial public offering on Friday.
Colin Ziemer/New York Stock Exchange via AP
Wall Street capped a solid week of gains on a down note Friday as the wait drags on to see if Congress can reach a deal to send more cash to struggling workers and businesses.
Asian stocks mixed after Wall St record on stimulus hopes
Agencies, BEIJING
Asian stock markets on Friday were mixed after Wall Street hit a new high overnight on optimism about economic stimulus and COVID-19 vaccine development despite a spike in US unemployment claims.
Overnight, Wall Street’s benchmark S&P 500 index gained for a third day on optimism about progress regarding a new economic aid package, while the US Department of Labor reported the number of Americans applying for unemployment benefits rose to 885,000 last week, the highest level since September.
Market action suggested that investors see “bad data is good news” for progress toward stimulus, Mizuho Bank said in a report.