Trump administration delays expansion of sanctioned Chinese companies by one year

JH Kim

Summary

The Trump administration said it decided to postpone for one year the implementation of expanding the number of Chinese companies included on the U.S. Commerce Department's sanctions list.
The administration said the delay aims to minimize disruption to business activity and supply chains.
Accordingly, it said uncertainty for related companies and supply chains is likely to ease for the time being.

The Trump administration has decided to delay for one year the implementation of a rule to increase the number of Chinese companies included on the U.S. Commerce Department's sanctions list.

On the 30th (local time), according to economic news channel Walter Bloomberg (Walter Bloomberg), the administration said, "It decided to hold off on the Commerce Department's measure to expand the sanctions list until next year in order to minimize disruption to corporate activity and supply chains."