22.8 C
New York
Thursday, November 7, 2024
HomeBusinessInternational BusinessUS imposes new restrictions on exports to China

US imposes new restrictions on exports to China

Date:

Related stories

Malala likens Taliban’s treatment of women to apartheid

NOBEL Peace Prize winner Malala Yousafzai on Tuesday (5)...

Cleverly signs new Rwanda treaty to resurrect asylum plan

BRITAIN signed a new treaty with Rwanda on Tuesday...

King says ‘no excuse’ for colonial abuses during Kenya visit

KING CHARLES said on Tuesday (31) that there could...

Modi views model of Swaminarayan temple in South Africa

PRIME minister Narendra Modi viewed a model of the...

India, Uganda discuss cooperation in trade, energy and defence

India’s external affairs minister S Jaishankar has called on...

The United States on Monday posted rule changes that impose new restrictions on exports to China, including aircraft components and many items related to semiconductors.

The new rules will require licenses for US companies to sell certain items to military entities, even if they are for civilian use, and do away with a civilian exception that allows certain US technology to be exported without a license, if they are for a non-military entity and use.

The rules were posted for public inspection and will be published in the Federal Register on Tuesday.

One rule will affect purchases by entities such as People’s Liberation Army, which is involved in civilian activities such as hospitals, according to experts.

The other rule is expected to affect items like field programmable gate array integrated circuits, eliminating license exceptions for Chinese importers and Chinese nationals.

- Advertisement -

The administration also posted a third proposed rule change that would force foreign companies shipping certain American goods to China to seek approval not only from their own governments but from the United States as well.

The actions come as relations between the United States and China have deteriorated amid the new coronavirus outbreak.

Subscribe

- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from up to 5 devices at once

Latest stories