Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
Qatari Ministry of Foreign Affairs: Qatar temporarily closes its airspace "for the safety of citizens, residents, and visitors."
Al Mayadeen: Israeli warplanes raid the outskirts of Al-Aishiya and Al-Mahmoudiya, Southern Lebanon.
Israeli media: Direct damage from Iranian bombing of "Israel" in one week is estimated at approximately 5 billion shekels (about $1.35 billion)
Unprovoked aggression against Iran has no basis or justification: Putin
Shahid Beheshti University Public Relations: The Israeli aggression targeted a building belonging to Shahid Beheshti University with the aim of sabotaging Iran's cultural and scientific infrastructure
Al Mayadeen correspondent: The Fordow nuclear facility was bombed once again, 24 hours after the US aggression.
Fars News Agency, citing informed sources: The Iranian Armed Forces used the Kheibar-Shekan, Emad, Ghadr, and Fattah missiles in their attacks on the Israeli entity today
Sirens sound from the occupied Golan Heights to Akka and Nahariya
Sirens sound again in the occupied Golan Heights and al-Jalil
Israeli media: Power outages reported in several settlements following a missile attack targeting an infrastructure facility

China imposes trade restrictions on dozens of US firms

  • By Al Mayadeen English
  • Source: The New York Times
  • 2 Jan 2025 19:18
  • 1 Shares
3 Min Read

The companies singled out include major US defense manufacturers such as Raytheon Missile Systems, Boeing Defense, Space and Security, and Lockheed Martin Missiles and Fire Control.

Listen
  • x
  • China
    American flags are displayed with Chinese flags on top of a trishaw, on September 16, 2018, in Beijing. (AP)

China announced punitive trade measures on Thursday targeting several US companies, including Raytheon, Boeing, and Lockheed Martin, signaling a potential escalation in tensions between the two global powers, The New York Times reported.

With just weeks remaining before President-elect Donald Trump assumes office, having pledged to implement new tariffs and sanctions on China, Beijing appears determined to demonstrate its readiness to retaliate, the report indicated.

The Ministry of Commerce in China confirmed that 28 companies have been added to its export control list, citing the need to “safeguard national security and interests.” This move includes banning the export of dual-use items—those with both civilian and military applications—to the affected companies.

Additionally, 10 firms have been placed on an “unreliable entities list” for their involvement in arms sales to Taiwan. These firms are now barred from conducting business in China, with their executives prohibited from entering or residing in the country.

While similar actions have been taken by Chinese authorities in the past, these new measures appear broader in scope. Andrew Gilholm, a China specialist at the consulting firm Control Risks, noted that many of the targeted companies already face existing sanctions.

“Most of this is probably at the symbolic level because so many of these entities were already subject to sanctions,” he said.

“What we’re seeing is the widening scope and number of entities being added in a single listing," Gilholm noted.

Beijing taking a more assertive approach

Related News

Russia affirms unbreakable ties with Iran, supports self-defense

Iran will emerge victorious from US-Israeli aggression: Sheikh Qassem

The companies singled out include major US defense manufacturers such as Raytheon Missile Systems, Boeing Defense, Space and Security, and Lockheed Martin Missiles and Fire Control.

Michael Hart, president of the American Chamber of Commerce in China, highlighted that Beijing generally avoids actions that might directly disrupt the operations of companies contributing to China’s economy.

“Normally the actions China takes do not impact companies who are benefiting China’s economy,” he said.

The New York Times suggested that Beijing’s actions reflect a more assertive approach as it braces for a second presidential term under Trump, a vocal critic of China’s economic influence. 

It recalled that Chinese regulators have recently launched an investigation into the US chipmaker Nvidia, banned the export of rare minerals to the US, and targeted specific companies to expose vulnerabilities in their supply chains.

The newspaper highlighted that this economic tit-for-tat has intensified in recent months, building on trade tensions that began during Trump’s first term, when tariffs and trade restrictions were first imposed on China.

Since then, the Biden administration has expanded restrictions on Chinese companies, including bans on dual-use products, with 140 Chinese firms recently targeted.

In recent years, China has laid the groundwork to mirror US tactics by establishing blacklists and sanctions aimed at cutting off American companies from critical resources, the report said.

According to Gilholm, Beijing is now more willing to act decisively. “The pace of things are picking up. The drumbeat of these things is going to be more frequent.”

Read more: China rejects 'groundless' accusations of cyberattack on US Treasury

  • United States
  • sanctions
  • US
  • China

Most Read

Iran launches 9th wave of Op. True Promise 3, destroys IOF air defense

Iran launches 9th wave of Op. True Promise 3, destroys IOF air defense

  • MENA
  • 17 Jun 2025
Israeli workers survey the site where a missile launched from Iran struck in Haifa on Sunday, June 22, 2025. (AP)

True Promise 3, wave 20: 40 missiles launched, Kheibar-Shekan in first

  • Politics
  • 22 Jun 2025
Rescue team work at the site where a missile launched from Iran struck Tel Aviv, Israel, Monday, June 16, 2025 (AP)

Wave 12 of Operation True Promise 3 launched, Sejjil deployed: IRGC

  • Politics
  • 18 Jun 2025
Iran launches missile barrage to Tel Aviv, casualties reported

True Promise 3, wave 14: Tel Aviv targeted, casualties reported

  • Politics
  • 19 Jun 2025

Coverage

All
The Ummah's Martyrs

Read Next

All
Spain's Foreign Minister Jose Manuel Albares Bueno speaks with the media as he arrives for a meeting of EU foreign ministers at the European Council building in Brussels, Monday, June 23, 2025. (AP Photo/Virginia Mayo)
Politics

Spain seeks immediate suspension of EU association pact with 'Israel'

Israeli settlers evacuate a building damaged in an Iranian missile strike in Tel Aviv, Sunday, June 22, 2025. (AP)
Politics

Tel Aviv streets ghostly; settlers flee under Iranian missile fire

Trump’s secret Iran strike uncovered in explosive CNN report
Politics

Behind the scenes: Trump's decision to strike Iran mapped - CNN

The oil tanker Palanca Rio arrives in Portland, Maine, the United States, Wednesday, April 2, 2025 (AP)
Economy

Oil prices spike as US-Israeli aggression on Iran sparks concerns

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS