financetom
Business
financetom
/
Business
/
China commerce ministry bans some US firms from import, export activities
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
China commerce ministry bans some US firms from import, export activities
May 19, 2024 7:55 PM

BEIJING (Reuters) - China's Commerce Ministry said on Monday that it will prohibit some U.S. firms from importing and exporting activities related to China, including one selling arms to Taiwan, and forbid them from making new investments in China.

The ministry put General Atomics Aeronautical Systems on its unreliable entities list, saying it sold arms to Taiwan, according to a statement. It also included General Dynamics Land Systems.

According to state media, Boeing Defense, Space & Security was also placed on the list.

Senior executives of all three companies are prohibited from entering China, while their work permits will be revoked, along with their visitor and residential status, and the related applications they submit will not be approved, said the ministry's announcement, according to Xinhua news.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Exclusive-India aims to import about 10% of its cooking gas from US from 2026, say sources
Exclusive-India aims to import about 10% of its cooking gas from US from 2026, say sources
Jul 8, 2025
NEW DELHI (Reuters) -India plans to source about 10% of its cooking gas imports from the U.S. beginning in 2026 as part of a broader effort to boost energy purchases to narrow its trade gap with Washington, four industry refining sources familiar with the matter said. The world's third biggest oil importer and consumer relies heavily on Middle Eastern producers...
Trump Signs Executive Order Imposing Tariffs on 14 Countries
Trump Signs Executive Order Imposing Tariffs on 14 Countries
Jul 8, 2025
05:04 AM EDT, 07/08/2025 (MT Newswires) -- President Donald Trump signed an executive order Monday to impose tariffs on 14 countries, effective Aug. 1. The new rates include a 25% tariff on Japan, Kazakhstan, South Korea, Malaysia and Tunisia, 30% tariffs on Bosnia-Herzegovina and South Africa, a 32% tariff on Indonesia, 35% tariffs on Bangladesh and Serbia, 36% tariffs on...
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Aug 17, 2025
SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...
Aura Minerals Seeking to Raise $210 Million From US Public Offering
Aura Minerals Seeking to Raise $210 Million From US Public Offering
Jul 8, 2025
05:16 AM EDT, 07/08/2025 (MT Newswires) -- Aura Minerals said Monday that it is seeking to raise about $210 million from its US public offering of common shares. The company said it expects to grant the underwriters a 30-day option to purchase a certain number of additional shares and its shares are expected to be listed on Nasdaq under the...
Copyright 2023-2026 - www.financetom.com All Rights Reserved