China restricts trade with 56 U.S. companies (opens in new tab)

China imposed new trade restrictions on Monday targeting 56 U.S. companies, adding 10 defense, drone, aerospace and rare earth-related firms to its export control list and barring Chinese government procurement from 46 other U.S. companies. The Commerce Ministry said Chinese exporters may no longer supply dual-use items to the 10 listed entities; the Finance Ministry blocked government entities from buying products from companies including units of Lockheed Martin, Raytheon and General Dynami...