New U.S. restrictions on 33 Chinese firms, institutions take effect June 5 GlobeBusiness
This translation has been automatically generated and has not been verified for accuracy.The U.S Commerce Department said Wednesday that new restrictions on 33 Chinese firms and institutions will take effect on Friday after the agency announced last month it was adding them to an economic blacklist for helping Beijing spy on its minority Uighur population or because of ties to weapons of mass destruction and China’s military.
The move marked the Trump administration’s latest efforts to crack down on companies whose goods may support Chinese military activities and to punish Beijing for its treatment of Muslim minorities. The firms and institutions are being added to the U.S. “entity list,” which restricts sales of U.S. goods shipped to them and some more limited items made abroad with U.S. content or technology. Companies can apply for licenses to make the sales, but they must overcome a presumption of denial.
Be smart with your money. Get the latest investing insights delivered right to your inbox three times a week, with the Globe Investor newsletter.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
3 UN elections on June 17 including new council membersThe president of the UN General Assembly announced Tuesday that elections for new members of the UN Security Council, the Economic and Social Council, and his successor as head of the 193-member world body will be held simultaneously on June 17.
Read more »
Quebec reports 239 new COVID-19 cases, fewest since March 21, and 52 new deaths
Read more »
Mexico President urges caution during ‘new normal’ phase of COVID-19 restrictionsLópez Obrador makes first road trip in months to promote construction of the Mayan Train
Read more »
B.C. records 1 more death from COVID-19, 24 new cases since SaturdayBritish Columbia has recorded one more death from COVID-19 and 24 new test-positive cases since the last update from health officials on Saturday.
Read more »
Alberta Health counts 34 new COVID-19 cases, monitoring increase in Edmonton zoneAfter processing some 2,700 tests since Sunday, Alberta counted 34 new cases of COVID-19.
Read more »
Lockdowns ease across Europe, Asia with new tourism rulesThe first day of June saw coronavirus restrictions ease from Asia to Europe to the United States on Monday, even as U.S. protests against police brutality sparked fears of new outbreaks.
Read more »