The Entity List: America's Trade War Weapon
July 04, 2019 | BY
Marilyn RomeroThe pause agreed in the U.S.-China trade war at the recent G20 meeting, reflects in part the potency of the U.S. Entity List in targeting Chinese firms such as Huawei.
In June, the U.S. government added five more Chinese companies to its Entity List. Companies that end up on this blacklist are subject to various licensing requirements for the export, re-export, and transfer of certain items into the U.S., effectively restricting their dealings with U.S. businesses.
Ostensibly, companies are put on the list because the U.S. administration has deemed they pose a national security threat. There are about 1,000 companies on the list from countries such as Russia, China, Ukraine, Iran, and even the U.K. As of the last count, China – which is second only to Russia – had 161 companies on the list; about 16% of the total number of companies.
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