An Interest In:
Web News this Week
- March 30, 2024
- March 29, 2024
- March 28, 2024
- March 27, 2024
- March 26, 2024
- March 25, 2024
- March 24, 2024
May 12, 2021 08:07 am
Original Link: https://www.theverge.com/2021/5/12/22431838/xiaomi-us-blacklist-remove-trump-lawsuit
US backtracks on Xiaomi blacklisting
The US has agreed not to put Xiaomi on a blacklist blocking investment in the Chinese tech company, undoing a move made in the last week of the Trump administration. Xiaomi sued the US government over the designation, but just filed a joint status report with the Department of Defense saying the two parties “have agreed upon a path forward that would resolve this litigation without the need for contested briefing.”
The DoD had decided to designate Xiaomi as a “Chinese Communist Military Company,” which could have forced any American investors to divest their holdings in Xiaomi by November this year. After Xiaomi sued the government in response, a district judge issued a preliminary injunction to block the blacklisting, calling it...
Original Link: https://www.theverge.com/2021/5/12/22431838/xiaomi-us-blacklist-remove-trump-lawsuit
Share this article:
Tweet
View Full Article
The Verge
The Verge is an ambitious multimedia effort founded in 2011More About this Source Visit The Verge