China has added 10 US firms to its export control list and barred 46 others from government procurement, according to new regulations announced on June 23.
The regulations bar exporters from supplying dual-use goods to the 10 firms. They also prohibit any organisation or individual, regardless of location, from transferring or providing China-origin dual-use items to the listed companies.
Wendy Cutler, senior vice-president at the Asia Society Policy Institute, said Beijing’s new critical mineral export restrictions underscore how fragile the bilateral truce is.
Analysts have warned of more trouble ahead following the tit-for-tat moves.
