U.S. will remove Xiaomi from blacklist, reversing jab by Trump

[Judi Lynn]

Source: Metro US

By Metro US
Posted on May 12, 2021

WASHINGTON (Reuters) -The U.S Defense Department will remove China’s Xiaomi Corp from a government blacklist, a court filing showed, marking a reversal by the Biden administration of one of Donald Trump’s last jabs at Beijing before exiting office.

The court filing said the company and the U.S. government would agree to resolve their ongoing litigation, bringing to an end a brief and controversial spat between the hardware company and Washington that had further soured Sino-U.S. ties.

Emily Horne, a spokeswoman for the White House National Security Council, said “the Biden Administration is deeply concerned about potential U.S. investments in companies linked the Chinese military and fully committed to keeping up pressure on such companies.”

. . .

In March, a federal judge temporarily blocked enforcement of the blacklisting, citing the U.S. government’s “deeply flawed” process for including it in the ban. The judge last week also suspended an investment ban imposed on Luokung Technology Corp, the Chinese mapping technology company.

The Biden administration has agreed not to challenge that ruling. Horne cited the ruling saying “the Trump Administration failed to develop a legally sufficient basis for imposing restrictions on the company and compelled this action.”



Read more: https://www.metro.us/u-s-will-remove-xiaomi/

[TheRealNorth]

1. I wonder if those sanctions were meant to damage the Biden economy....

Because of our dependence on Chinese microchips.

[catsudon]

2. I don't agree with this.

however, I believe TSMC will continue to restrict their business with China.


.

[TheRealNorth]

3. Regardless of whether the sanctions were justified....

The sanctions are killing jobs. A lot of consumer products have computer chips in them now, and this is causing layoffs and/or price increases.

There is a reason Trump waited until the last minute to enact these sanctions - his economic advisors were telling him that sanctions would damage the economy. There already was a chip shortage d/t the pandemic. We are nowhere near being self-sufficient when it comes to producing the computer chips we need.