Tencent and CATL find yourself on the Pentagon’s blacklist | EUROtoday
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The American Department of Defense will be unable to buy merchandise from the 2 Chinese firms that “collaborate with the army” of Beijing
The software program, gaming and streaming platform Tencent and CATL, the world’s predominant battery producer and provider to Tesla, find yourself on the Pentagon’s blacklist of Chinese firms that may collaborate with Beijing’s military. The former is the biggest Chinese firm by capitalization, whereas the latter alone has a market share of 35 p.c and is a participant of main significance within the electrical automotive enterprise. The transfer inevitably had repercussions on the inventory market.
The listing, completely attributable to Trump’s financial overseas coverage, is a part of Washington’s broad efforts to counter China’s rise as a army superpower. From June 2026, the Pentagon will be unable to contract with firms included within the listing and from 2027 it will be unable to buy items or companies that embrace these firms of their provide chain.
The US Department of Defense described the listing as a solution to spotlight and counter what it calls China’s “military-civilian fusion strategy” that helps the Chinese army’s modernization efforts by guaranteeing the acquisition of superior expertise from
a part of Chinese firms, universities and analysis applications masquerading as civilian entities.
https://www.ilsole24ore.com/art/tencent-e-catl-finiscono-lista-nera-pentagono-AGkyly9B