Commerce Dept. adds 33 Chinese companies to red flag list

[George II]

Source: Associated Press

WASHINGTON (AP) — The Biden administration is raising red flags about 33 Chinese companies whose legitimacy it cannot verify, imposing new restrictions on their ability to receive shipments from U.S. exporters and requiring extra diligence from American companies that want to do business with them.

The Commerce Department said Monday that it was adding the companies to what is known as the “Unverified List,” a roster of businesses worldwide that are subjected to stricter export control because U.S. officials have been unable to do customary checks.

“The ability to verify the legitimacy and reliability of foreign parties receiving U.S. exports through the timely completion of end-use checks is a core principle of our export control system,” Matthew Axelrod, the department’s assistant secretary for export enforcement, said in a statement.

He added that the addition of 33 parties in the People’s Republic of China to the Unverified List “will assist U.S. exporters in conducting due diligence and assessing transaction risk, and signal to the PRC government the importance of their cooperation in scheduling end-use checks.”

Read more: https://apnews.com/article/business-china-27c61929cdbc91cc3c425572ac197662

[SleeplessinSoCal]

1. How can this story be made to resonate more?

We are so busy having to deal with a mad man who once was the most powerful person in the world. Meanwhile.... sh*t happens.

[oldsoftie]

2. GOOD. Now lets do whatever can be done to get our critical mfg OUT of China.

Laws worth passing. Don't know how they'd be written, but someone should ave an idea. We the people are to blame for a good bit of it; insisting on cheap shit all the time. I've tried to change as much as I can & have started letting companies know I will no longer buy their products made in china

[Alexander Of Assyria]

3. America doesn't run on Dunkin's, it runs on made in China goods and materials bought cheap.

[oldsoftie]

4. Of course. But it needs to STOP. It starts with US, but it takes more.

Congress needs to step in on things like antibiotics & the like. Its a national security issue with things like that. Force companies OUT of china with laws. I would think Biden could even issue an EO dealing with those things. Toys, electronics, furniture, etc, probably not.

[Alexander Of Assyria]

5. What? And Americans pay twice as much at Walmart stocked only with USA made goods? Won't happen.

[oldsoftie]

6. It doesn't have to be twice as much. It could be made in Vietnam.

Or Philippines. Or Singapore. Etc. Can't be THAT much of a difference in price. And those countries aren't trying to take over the world.
And again, at the very LEAST we should get critical items OUT of china.

[Alexander Of Assyria]

7. Lot of colonial nations trying to take over the world. One has military bases in hundreds

of countries, spends nearly a trillion a year on that stuff.

[oldsoftie]

8. None of that makes any sense on this subject. Do you just not care?

China & Russia are the enemy. You think its fine to get 99% of our antibiotics from an adversarial country? Aircraft parts? Medical equipment? The list goes on
Why not spend the money with countries who are NOT trying to take over the world. Which we are not and have never done.

[Alexander Of Assyria]

9. Ok, only parts of the world, by proxy and hook and crook...so many blinded by domestic media....

[oldsoftie]

10. Oh lord now you sound like "THEM".

"Don't trust the lame stream media!"

There are 3 choices in the world; Russia, China & the US. Most EVERY country will align with one of them. Thats just the way it is. If you prefer one of the other two, you're OK with everyone being poor.