Woodside, California – The tensions between the United States and China continue to escalate as China vows to take action against the U.S.’ decision to add several Chinese entities to its export control list to restrict Russia’s access to advanced U.S. technology for its weapons.
In a statement released by China’s Ministry of Commerce, a spokesperson voiced strong opposition to what they deemed as “unilateral sanctions and long-arm jurisdiction” by the U.S. The move was described as undermining international trade order and rules, impacting global industrial and supply chains, and threatening the security and stability of these networks. China stated it will act to protect the rights and interests of Chinese firms affected by the decision.
The U.S. recently announced stricter export controls, including adding a total of 123 entities to its list, with 42 in China, 63 in Russia, and 14 in other countries including Türkiye, Iran, and Cyprus. Entities on the list face export restrictions and licensing requirements for specific technologies and goods.
Undersecretary of Commerce for Industry and Security Alan Estevez emphasized a multilateral approach to preventing Russia from acquiring advanced U.S. technology necessary for its weapons. The U.S. also targeted diversion through shell companies, identifying high-diversion risk addresses in Hong Kong and Türkiye that now require specific licenses for transactions.
Earlier this year, the Biden administration imposed trade restrictions on entities from multiple countries, accusing them of supporting Russia’s war efforts in Ukraine. In April, a probe was initiated into China’s maritime, logistics, and shipbuilding industries for allegedly using unfair practices to dominate these sectors.
The ongoing trade tensions between the U.S. and China, along with efforts to curb Russia’s access to advanced technology, highlight the complex web of international relations and economic competition in the current global landscape. As both countries navigate through these challenges, the impact on global trade and security remains a critical issue to monitor.