Trump administration blacklists Xiaomi as a ‘Communist Chinese military company’
With six days left in office, the Trump administration has decided to put one more Chinese electronics giant in its sights: Xiaomi, the world’s number three phone manufacturer. The US Department of Defense is now designating Xiaomi as a “Chinese Communist military company,” meaning it’s now vulnerable to Trump’s executive order that bans the US from investing in such companies — and might force US companies and other US investors to divest in Xiaomi on November 11th, 2021, as reported by Reuters.
While a Biden administration might overturn the order before then, it’s interesting to see an electronics company like Xiaomi on the list at all. Most of the other companies on the list are more industrially oriented, specializing in aviation,…