Huawei remains on the US “black list” – Other Chinese companies have been added

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Their opposition continues USA with several Chinese companies, as the measures not only did not relax, but also extended to other cases.

Huawei remains on the “black list”, with presidential decree of Joe Biden to increases the number of companies from 48 to 59.

In fact, it states that American investment in companies that create and develop surveillance technologies is prohibited.

“I consider the use of Chinese surveillance technology outside the PRC (People’s Republic of China) and the development or use of Chinese surveillance technology for the purpose of suppressing or seriously abusing human rights which has its source in whole or in part outside “The United States is an unusual and extraordinary threat to US national security, foreign policy and the economy, and therefore I extend the proclamation of Presidential Decree 13959 to address these threats,” he said.

The decree enters into force on August 2. US companies and legal entities that have investments in the listed Chinese companies have one year to reinvest their funds elsewhere.

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