Stocks jump! Xiaomi survives after US court bans government ban
Stocks jump! slotxo ฝากwallet Xiaomi survives after US court bans government ban After several Chinese business brands were banned by the US government during Trump's reign, Xiaomi recently received the good news for the first time of the year. China's smartphone maker has been temporarily removed from government blacklist. Which is an order of the Donald Govt. Trump is scheduled to ban Americans from investing in the Chinese company. And it also takes the same measures as other Chinese companies More pictures, click
The electronics maker's shares rose as much as 12 percent on Monday, its biggest intraday gain in nearly a month. Trump will retire last year. His government had bombed the Joe government. Biden, by exacerbating the trade war with China, imposed a ban on several Chinese companies including state oil giant Xiaomi and CNOOC, including popular social media TikTok.
Xiaomi is one of 9 companies classified by the US Department of Defense. It is a "Communist Chinese military company", which is considered a security risk and prohibits American investment in this type of company. Huawei's bad luck is Xiaomi's luck, but last Friday, Washington District Judge Rudolf Contreras. It was ruled that the defense and finance ministry "used the excuse of national security. Not considered a reasonable "reason to ban Xiaomi
The judge then issued a preliminary injunction to free Xiaomi from the blacklist and the suspension of the ban on American investors from buying the company's securities. In an appeal in January against the blacklist, Xiaomi (which overtook Apple last year to become the world's third-largest smartphone maker) said the U.S. government's mandate was "Wrong" and "causing the company to not be able to do legal acts" |
