China sanctions 6 US firms as tensions boil over trade, TikTok sale

China has sanctioned six US firms ahead of a widely anticipated meeting between President Xi Jinping and US President Donald Trump next month. Photo: TNS

in Beijing and in Paris

China announced trade sanctions for six American companies on Thursday, another flare-up in its wide-ranging rivalry with the United States as the two countries prepare for a hotly anticipated meeting between their leaders.

According to a statement from Beijing’s Ministry of Commerce, three US companies were added to the “unreliable entity list” , effectively banning them from trade and investment in China.

The affected enterprises – unmanned vehicle firm Saronic Technologies, satellite company Aerkomm and subsea engineering firm Oceaneering International – have “engaged in so-called military-technical cooperation with Taiwan, severely undermining China’s national sovereignty, security and development interests” despite strong opposition, the ministry said.

“China has always handled the list with prudence, targeting a small number of foreign entities that endanger our national security in accordance with the law. Honest and law-abiding foreign entities have no cause for concern.”

After a phone call between the two leaders last week running nearly two hours , US President Donald Trump said that he plans to meet Chinese leader Xi Jinping next month on the sidelines of the Asia-Pacific Economic Cooperation Summit in South Korea.
The two countries have clashed over a variety of issues since Trump began his second term in January, most notably a rapid escalation of tariff rates in April and the impending sale of the Chinese social media platform TikTok to US investors.

Three other American firms – shipbuilder Huntington Ingalls Industries, engineering and construction manager Planate and services provider Global Dimensions – were added to the export control list, preventing them from receiving shipments of items from China determined to have military and civilian applications.