SMIC, dozens of other firms may be blacklisted as Trump seals tough-on-China legacy

Photo: Bloomberg

The United States is set to add dozens of Chinese companies, including the country’s top chipmaker SMIC, to a trade blacklist on Friday, two people familiar with the matter told Reuters on Thursday.

The move, which has not previously been reported, is seen as the latest in President Donald Trump’s effort to cement his tough-on-China legacy. It comes just weeks before Democratic President-elect Joe Biden is set to take office on Jan. 20.

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