WASHINGTON (Reuters) – The Trump administration has dropped plans to blacklist Chinese tech giants Alibaba, Tencent and Baidu, four people familiar with the matter said, offering Beijing big companies a brief reprieve as part of the of a broader repression from Washington.
Washington nonetheless plans to move forward this week with an attempt to add up to nine more Chinese companies to the list, one of the people said.
The move to halt plans to add Chinese tech giants is a blow to Chinese hawks in the administration, who were seeking to solidify incumbent President Donald Trumps’ legacy to China before his presidency ends on January 20.
Retailer Alibaba, search engine giant Baidu and video game leader Tencent, which owns the WeChat messaging app, were on the shortlist to be added to a catalog of alleged Chinese military companies, allegedly submitting them to a new US investment ban.
But Treasury Secretary Steven Mnuchin, widely seen as taking a more conciliatory stance on China, pushed back, freezing plans, the people said. Businesses as well as treasury, state and defense departments did not immediately respond to requests for comment.
The abrupt move highlights deep divisions within the Trump administration over Chinese policy, even as Trump seeks to lock President-elect Joe Biden into aggressive postures against the world’s second-largest economy.
Last month, the White House added China’s biggest chipmaker, SMIC and oil giant CNOOC to the blacklist. Trump also unveiled an executive order in January banning US transactions with eight Chinese apps, including Ant Groups Alipay. The two measures were first reported by Reuters.
While Trump touted a signed trade deal between rival nations, relations between Washington and Beijing deteriorated last year due to China’s handling of the deadly coronavirus and its crackdown on freedoms in Hong Kong.
Reporting by Alexandra Alper and Humeyra Pamuk; Writing by Alexandra Alper; Additional reporting by Andrea Shalal and Mike Stone; Edited by Leslie Adler and Howard Goller
What Are The Main Benefits Of Comparing Car Insurance Quotes Online
LOS ANGELES, CA / ACCESSWIRE / June 24, 2020, / Compare-autoinsurance.Org has launched a new blog post that presents the main benefits of comparing multiple car insurance quotes. For more info and free online quotes, please visit https://compare-autoinsurance.Org/the-advantages-of-comparing-prices-with-car-insurance-quotes-online/ The modern society has numerous technological advantages. One important advantage is the speed at which information is sent and received. With the help of the internet, the shopping habits of many persons have drastically changed. The car insurance industry hasn't remained untouched by these changes. On the internet, drivers can compare insurance prices and find out which sellers have the best offers. View photos The advantages of comparing online car insurance quotes are the following: Online quotes can be obtained from anywhere and at any time. Unlike physical insurance agencies, websites don't have a specific schedule and they are available at any time. Drivers that have busy working schedules, can compare quotes from anywhere and at any time, even at midnight. Multiple choices. Almost all insurance providers, no matter if they are well-known brands or just local insurers, have an online presence. Online quotes will allow policyholders the chance to discover multiple insurance companies and check their prices. Drivers are no longer required to get quotes from just a few known insurance companies. Also, local and regional insurers can provide lower insurance rates for the same services. Accurate insurance estimates. Online quotes can only be accurate if the customers provide accurate and real info about their car models and driving history. Lying about past driving incidents can make the price estimates to be lower, but when dealing with an insurance company lying to them is useless. Usually, insurance companies will do research about a potential customer before granting him coverage. Online quotes can be sorted easily. Although drivers are recommended to not choose a policy just based on its price, drivers can easily sort quotes by insurance price. Using brokerage websites will allow drivers to get quotes from multiple insurers, thus making the comparison faster and easier. For additional info, money-saving tips, and free car insurance quotes, visit https://compare-autoinsurance.Org/ Compare-autoinsurance.Org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc. "Online quotes can easily help drivers obtain better car insurance deals. All they have to do is to complete an online form with accurate and real info, then compare prices", said Russell Rabichev, Marketing Director of Internet Marketing Company. CONTACT: Company Name: Internet Marketing CompanyPerson for contact Name: Gurgu CPhone Number: (818) 359-3898Email: [email protected]: https://compare-autoinsurance.Org/ SOURCE: Compare-autoinsurance.Org View source version on accesswire.Com:https://www.Accesswire.Com/595055/What-Are-The-Main-Benefits-Of-Comparing-Car-Insurance-Quotes-Online View photos
to request, modification Contact us at Here or [email protected]