China 'dissatisfied' with U.S. move against Chinese tech firms
CNBC • • general
Key Points:
- China expressed strong dissatisfaction and firm opposition to the U.S. Defense Department's updated list adding major Chinese companies, including Alibaba, Baidu, BYD, NIO, Trina Solar, and JA Solar Technology, citing concerns over unfair treatment.
- The updated Pentagon list targets key Chinese technology firms believed to support China's military and industrial advancement, reflecting heightened U.S. security concerns amid ongoing geopolitical tensions.
- China's commerce ministry urged the U.S. to reverse the decision, warning that continued unfair treatment would prompt resolute and forceful retaliation from Beijing.
- The Pentagon's list update overrides a 2025 version and comes shortly after a trade truce was maintained during a meeting between Presidents Trump and Xi Jinping, with China stating the move ignored their consensus.
- Starting in 2027, U.S. law will prohibit the Defense Department from contracting directly with companies on the list or procuring their products and services through third parties.