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US agrees to lift Trump-era ban on China's Xiaomi

May 12, 2021. Summarized by summa-bot.

Compression ratio: 42.6%. 1 min read.

The US government will no longer blacklist Chinese smartphone maker Xiaomi, lifting a short and contentious ban on Americans investing in the company that was introduced by the Trump administration.

New Delhi (CNN Business)The US government will no longer blacklist Chinese smartphone maker Xiaomi, lifting a short and contentious ban on Americans investing in the company that was introduced by the Trump administration.

The US Department of Defense and Xiaomi reached an agreement to set aside the ban on Tuesday, according to a US court filing.

Days before President Joe Biden took office in January, the Department of Defense added Xiaomi to a list of companies it claimed were linked to the Chinese military.

Before the ban could take effect, a federal judge granted a temporary reprieve to the Chinese company by ruling that Washington lacked "substantial evidence" to support its claim that Xiaomi is owned or controlled by China's military.

by summa-bot

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