Xiaomi and the US government have reached an agreement to end the blacklisting of the Chinese company. A decision by former President Donald Trump’s administration barred Americans from investing in a Chinese smartphone maker. Earlier this year, Xiaomi filed a lawsuit against the US government after the Defense Department recognized the company as a military company, which could have prevented its shares from being traded on American exchanges.
The report says that the parties have agreed on further steps that will allow this lawsuit to be resolved without the need to challenge the decision, and will submit a joint statement by May 20. At the same time, no details about possible conditions for excluding Xiaomi from the blacklist were reported.
Xiaomi, which makes a variety of things from toothbrushes to electric scooters, has become an unexpected target for the Trump administration. The company insisted that it had nothing to do with the Chinese military and was not controlled by the PRC government. In March of this year, a US federal court upheld Xiaomi’s claim and temporarily suspended the ban. This is a rare case when a Chinese company has managed to defend its position in a court against the United States.
ByteDance (TikTok) and Tencent (WeChat) were previously under US pressure, but Huawei was hit hardest by being banned from doing business with American companies and using American technology. Joe Biden’s administration extended sanctions against Huawei this week, and it is believed that the new president intends to continue to pressure China.

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