On the eve of increased Chinese tariffs on U.S. imports taking effect, the Chinese regime has announced its latest retaliatory move in the U.S.-China trade dispute: it is preparing to set up an “unreliable entity list” of foreign enterprises, organizations, and individuals who damage Chinese firms’ benefits.
The name “entity list” echoes the U.S. Commerce Department’s. On May 15, it placed Chinese telecom giant Huawei on an entity list on national security grounds, which effectively banned the firm from doing business with U.S. companies. As Huawei buys a significant amount of U.S. software and components from U.S. companies and other firms that use U.S.-origin tech, the export ban has dealt a heavy blow to the Chinese company.
