Representative image.

Reuters

Amids the deteriorating relations between the United States and China in new coronavirus outbreak, the United States said on Monday said that it will impose new restrictions on exports to China

New restrictions come with an aim to keep semiconductor production equipment and other technology away from Beijing’s military.

The new rules will require licenses for US companies to sell certain items to companies in China that support the military, even if the products are for civilian use. They also do away with a civilian exception that allows certain US technology to be exported without a license.

The rules, which were posted for public inspection and will be published in the Federal Register on Tuesday, could hurt the semiconductor industry and sales of civil aviation parts and components to China.

LEAVE A REPLY

Please enter your comment!
Please enter your name here