Chinese company no longer on Trump’s blacklist

The Department of Defense of United States agreed to call back the smartphone manufacturer Xiaomi of his blacklist companies linked to the Chinese Communist Party, according to a court file released last night.

After hearing the news, Xiaomi’s shares rose by 11.3% up to $ 3.45 in the US extraburstil market, AFP news agency reported.

Xiaomi request to the Pentagon and the US Treasury by order of January 14 from the former president Donald trump, who listed it with eight other Chinese companies in whose values ​​the Americans had forbidden to invest.

The measure was part of the growth expect exercised on China in relation to the strategic and commercial tensions between the two nations.

In March, a Washington Federal Judge essential for the inclusion of Xiaomi in the ban, doubting the US government’s national security justifications, and temporarily suspended it.

Yesterday, lawyers for the US executive said that they will not appeal the judge’s decision and that they had agreed to issue an order to remove Xiaomi’s designation as a “Chinese Communist Military Company”.

Xiaomi, whose shares are listed on the Hong Kong and others, and in the US extraburst market, had insisted that “it is not it is also not controlled by the Chinese government or the military, nor is affiliated with them. “

“Neither the government nor the Chinese army, nor any entity affiliated with the defense industrial base, has the capacity to exercise control over the management or the affairs of the company,” he said. .

Tlam