US to add 33 Chinese firms, institutions to an economic blacklist

US Commerce Department to take action against companies producing products/services that assist Chinese military activities, specifically:

  • for being “complicit in human rights violations and abuses committed in China’s campaign of repression, mass arbitrary detention, forced labor and high-technology surveillance against Uighurs” and others
  • for supporting procurement of items for use by the Chinese military

Another indication of rising US/China strains.

As these increase they tend to be a negative input for financial market risk assets (and FX) and supportive of safe haven alternatives.

US china blacklist

See here for global coronavirus case data

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