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Topic: US-China relations
The list of companies, which includes Huawei, is mandated under the Defense Authorization Act, 1999. No US govt, though, has ever put out the required report.
Secretary of State Michael Pompeo said in a tweet that he made the move in order to ensure greater transparency of CCP-run operations in the US.
What’s clear on both sides is the demise of the widely held belief that embracing China’s economic rise would yield a more US-friendly Beijing.
Trump refuted comments by US trade representative Robert Lighthizer, who said a full decoupling of the two nations was not a reasonable policy option.
The meeting comes amid extraordinary strains in US-China ties, given that President Trump has blamed China for the Covid pandemic, which originated in Wuhan.
Trump’s ban on sale of silicon made with US know-how strikes at heart of Huawei’s aspirations in fields from artificial intelligence to mobile services.
The property, which comes with several mansions, is located in Shouson Hill, south of Hong Kong Island, and is valued at $1.3 billion.
The move could trigger sanctions and jeopardise Hong Kong's role as a leading trade and banking hub.
With US considering sanctions against Chinese firms, now may be the perfect time to pitch Jio & India’s large internet market to American investors.
The Trump administration faces a challenge in hitting back at China because any harsh penalties would likely harm both Hong Kong and the US.