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Trump administration includes Xiaomi in its investment blacklist – Latest News, Breaking News, Top News Headlines

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There are only a few days left of the Donald Trump administration in the United States government, but that does not stop it from taking measures that impact the world of technology. What happens is that now his team included Xiaomi, the smartphone manufacturer, on its investment blacklist.

According to information from ., a proposal by the administration of the Donald Trump administration includes 9 companies on the investment blacklist. Among them are Xiaomi and Comac, a firm dedicated to the manufacture of airplanes.

With this decision, US companies will be prohibited from investing in these companies. Furthermore, companies that have a stake in them will have to sell their share. This is because they are accused of having a relationship with Chinese military companies.

In case of progress, the measure will take effect on November 11, 2021. We will be pending and will inform you if this situation changes.

This is a different situation than Huawei

You surely remember that Huawei has also been in conflict with the current administration of the United States. That said, you should know that the situation with Xiaomi is different.

Unlike Xiaomi, Huawei has received various sanctions that come from the United States Department of Commerce. This decision prohibited US companies from having any kind of business relationship with Huawei.

For now, the situation will not be so severe with Xiaomi and it seems that it will be able to continue offering its products in the United States. Of course, there is also the possibility that the situation escalates in the Joe Biden administration, but that remains to be seen, since the president-elect could have other plans.

And to you, what do you think of this situation? Do you think Xiaomi will react in any way to this political decision?

Follow this link to see more news related to the video game industry and technology in the United States.

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