Xiaomi is no longer on the “blacklist” of the United States
The Chinese manufacturer can now do business with US citizens and companies, according to a ruling by the Court of the District of Columbia
Chinese tech manufacturer Xiaomi was formally removed from the ‘blacklist’ of companies with which US citizens and businesses cannot do business after the District of Columbia Court annulled the Chinese firm’s designation as a “Chinese communist military company.”
The final order, issued this week, “annuls Xiaomi’s US Department of Defense designation as a Chinese Communist Military Company (CCMC),” according to the company.
With the annulment of this designation, the court proceeded to formally lift all restrictions on US citizens to buy or dispose of Xiaomi securities.
In this way, one of the last decisions of Donald Trump’s Executive is reversed, in view of the fact that the previous US Administration decided to include the Chinese company on its sanctions list on January 15 of this year, less than a week before the presidential transition.
After being included in this ‘black list’ in January, the phone manufacturer decided to file a lawsuit against that decision already in March, the US Justice suspended in a precautionary way the inclusion of Xiaomi in said list.
K. Tovar
Source: Xataka
