Trump Regime Blacklists Dozens More Chinese Firms
During his final weeks in office, Trump and hardliners surrounding him are on a virtual scorched earth rampage against nations on the US target list for regime change — notably China and Iran.
They’re going all-out to prevent incoming Biden/Harris regime hardliners from reversing escalated US war on these nations by other means.
Pompeo announced the latest assault on China.
Defying reality, he falsely claimed that Beijing “harms US interests and undermines the sovereignty of our allies and partners (sic).”
Saying the Commerce Department “add(ed) 59 PRC entities to its export-control Entity List,” he added the following Big Lie:
Blacklisted Chinese firms “undermine our national security and foreign policy interests (sic).”
In response to the above hostile action, China’s Foreign Ministry spokesman Wang Wenbin said the following:
“The US side claims that it champions market economy and fair competition, but its politicization of trade issues goes against its words as well as international trade rules and is detrimental to the interests of both Chinese and American companies, the normal technological exchanges and trade flows between the two countries…on a global scale, and the stability of global industrial chains, supply chains, and value chains.”
“China will continue to take necessary measures to safeguard the legitimate rights and interests of Chinese companies.”
“The US side has been smearing China and oppressing Chinese companies under the (phony) pretext of national security.”
“China firmly opposes such practice which violates market competition and international trade rules, jeopardizes global industrial and supply chains.”
Along with scores of other firms, the Trump regime blacklisted, China’s Semiconductor Manufacturing International Corp. (SMIC), its leading chipmaker, was targeted.
The US Commerce Department’s so-called Entity List includes “foreign persons…businesses, research institutions, government and private organizations, individuals, and other types of legal persons — that are subject to specific license requirements for the export, reexport and/or transfer (in-country) of specified items.”
Commerce Department Bureau of Industry and Security (BIS) license requirements for exporting goods and service to the US are all about blacklisting designated firms of targeted countries like China.
The policy aims to give corporate America a leg up on foreign competition, notably from China.
Blacklisted firms are prohibited from purchasing US technology without Washington’s permission.
On Friday, Commerce Secretary Wilbur Ross said the following:
“We will not allow advanced US technology to help build the military of an increasingly belligerent adversary (sic),” adding:
“Between SMIC’s relationships of concern with the military industrial complex, China’s aggressive application of military civil fusion mandates and state-directed subsidies, SMIC perfectly illustrates the risks of China’s leverage of US technology to support its military modernization (sic).”
Whenever accusations like the above are made about China or other nations free from US control, no credible evidence accompanies them because none exists.
No nations threaten US national security. In stark contrast, imperial USA threatens everyone everywhere — at home and abroad.
SMIC, tech giant Huawei, and other Chinese firms on the US entity list are targeted for involvement in developing world-class/state-of-the-art telecommunications, semiconductor, and other high-tech products able to compete with their US counterparts globally.
On Friday, China’s Foreign Minister Wang Yi slammed “unacceptable” US actions against its firms.
Since Trump took office in January 2017, his regime blacklisted over 300 Chinese entities — an act of war by other means.
It’ll likely continue in similar form against all nations on the US target list for regime change after a January 20 change of the guard in Washington.
My two Wall Street books are timely reading:
“How Wall Street Fleeces America: Privatized Banking, Government Collusion, and Class War”
“Banker Occupation: Waging Financial War on Humanity”