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Recently, five Chinese technology firms were blacklisted by the U.S. Commerce Department. Also, a sudden tension has risen between US and Beijing. Moreover, these blacklisted organizations’ entities like supercomputer maker Sugon are highly dependent on American suppliers.
Blacklisting will complicate things between Chinese and American trade
#Huawei is forecasted to take a $30 billion revenue hit as the U.S. blacklisted the company. But the ban just hurts #China — It also hurts the U.S., Huawei's CEO said. pic.twitter.com/yITCrEeLdd
— Rich Tehrani (@rtehrani) June 22, 2019
President Donald Trump and his Chinese counterpart, Xi Jinping are aiming to de-escalate some dispute between the two biggest economies in the world. Moreover, the Chinese companies which have been blacklisted are supercomputing with military-related applications.
#Huawei is using the tactics of patent trolls to attack U.S. companies in retaliation for Trump administration national security actions against them. We should not allow #China government backed companies to improperly use our legal system against us.https://t.co/jhz4cuLDVN
— Marco Rubio (@marcorubio) June 18, 2019
Besides, this sudden action by the U.S. Commerce Department could complicate things next week. The Chinese companies which are dependent on US suppliers include Nvidia, Intel, and Advanced Micro Devices.
Will the blacklist allow the US firms to sell their technology to Chinese organizations?
After the Chinese firms were blacklisted, America won’t be able to sell technologies without the consent of Chinese organizations. Now, the tension has been raised after the most popular company Huawei was last month added to the list.
China's tech giant #Huawei filed a lawsuit on Friday against the US Department of Commerce over its unlawful seizure of Huawei's telecommunication gear shipped to the US for a testing.
— China Daily (@ChinaDaily) June 22, 2019
In the past few years, America and Chinese firms have become the leading producers of the world’s fastest supercomputers. However, this is not the first time when America has placed Entity list that involved supercomputer development.
Dayummm…. #Huawei #ban #HuaweiP30Pro pic.twitter.com/ZrdtvrjhE2
— Paging… (@drsplackavellie) June 23, 2019
According to the sources, the US added China’s National University of Defense Technology to the list in 2015. It seems like America is trying to stop the access of Chinese technology in the American market.
Apart from that, Trump has imposed 25% tariffs on Chinese imports which is worth $250 billion. Now, he is planning to target $300 billion more. It will include high taxes on anything China ships to America. Check out The Geek Herald for more exciting updates.
