China-US trade war

Chinese companies hit with US trade restrictions over spy balloon incident

Chinese companies hit with US trade restrictions over spy balloon incident

  • Sanctions show the Biden administration is continuing to punish Beijing over the spy balloon, which drifted over the US in February 2023
  • The trade restriction list has been used aggressively by the US to stem the flow of technology to China amid concerns Beijing could use it to bolster its military capabilities
By Reuters ·