(UnitedVoice.com) – Before he left office in January, former President Donald Trump signed an executive order strengthening a ban on US investments into companies connected to the Chinese military. A series of court rulings could now undermine the ban.
In March, US District Judge Rudolph Contreras issued a ruling temporarily halting the enforcement of the rule which required the Pentagon to put those military-backed companies on a blacklist. In May, the judge stopped the Department of Defense from enforcing a ban on another Chinese company.
Chinese smartphone maker #Xiaomi won a key legal victory against the US government this spring, which is expected to embolden more Chinese companies with military ties to challenge a Trump-era ban that prohibited US investors from investing in their firms. https://t.co/Y1Viuw1NNX
— The Epoch Times (@EpochTimes) June 1, 2021
The court rulings could lead more Chinese companies to challenge the decisions by the Pentagon to blacklist them. And, it seems President Joe Biden is not having his administration step in to try to prevent that from happening. The admin didn’t challenge either of the other court rulings. If the companies continue suing to be removed from the blacklist, it would be a massive win for China’s Communist government.
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