Another measure China has considered is restricting exports of rare earth minerals to the U.S. That’s a big deal because these minerals are used in high-tech electronics, automobiles, and even for defense. The minerals aren’t called rare for nothing, and China is the largest supplier with around 35% of the world’s reserves and responsible for 70% of the mining done in 2018.
Trump has said in the past that Huawei could be part of a trade deal between the two countries. However, until the U.S. and China can come to a trade agreement, the two will continue to battle it out with tariffs and blacklisting companies. The U.S. still has the potential to add new companies to the entities list such as Zhejiang Dahua Technology Co. and Hangzhou Hikvision Digital Technology Co.
Chinese President Xi Jinping and Trump will next meet at the G-20 Summit at the end of June. Whether or not this next meeting leads to a trade deal is still up in the air, with Trump saying he’s in no hurry to make a deal.
Article source: https://www.technobuffalo.com/china-will-soon-fire-back-blacklisting-foreign-companies