President Trump is to blacklist two of China’s most influential companies as he looks to box in his successor by escalating his diplomatic and economic offensive against Beijing.
China National Offshore Oil Corporation, the state-owned oil company, and Semiconductor Manufacturing International Corporation (SMIC), the country’s biggest maker of chips for the technology industry, are to be sanctioned over alleged links to the military.
Mr Trump, 74, has vowed that China will “pay a big price” for the coronavirus outbreak as new American cases continue to break records. The president is trying to recast a trading relationship that he has called “the greatest theft in the history of the world”.
The sanctions would bring the number of designated Chinese companies to 35. China National Offshore
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2020-12-01 09:00:00Z
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