US-China relations escalate, Dragon imposes sanctions on 10 US military companies

News Topical, Digital Desk : US-China trade row, Dragon slaps 10 US military firms with sanctions China on Monday declared sanctions against 10 U.S. Entities associated with its military in retaliation for America restricting some of China’s major technology companies from taking on defense contracts. China sanctions 10 U.S. Companies According to the Commerce Ministry, Chinese companies were also prevented from exporting dual-use goods to those ten firms which manufacture drones and mine rare earth. Dual-use refer to products with both commercial and military application.

The ministry stated export restrictions were aimed at ensuring China’s national security as well as retaliating to the Washington’s unwarranted extension of “list of so-called Chinese military companies.”

Meanwhile, the Treasury Department said government agencies would be denied government contracts for products made by 46 U.S. Firms including Lockheed Martin Corp and Raytheon Missiles & Defense. Earlier in the month, the U.S. Department of Defense declared, several technology companies that include Alibaba Group Holding Ltd. And Baidu Inc. Were part of a list that it claims is connected to the Chinese military. Chinese Internet giant Baidu stated this claim about its belonging to military is without any basis and that it will block it from taking contracts with the U.S. Army.