They managed to fly under the radar.
The catalog of American brands on the blacklist has just been expanded, with Xiaomi being its latest addition.
Before being blocked by the United States, Huawei was heading to the world’s leading mobile phone maker. In the end they did, but it was a difficult road.
Simply put, and if it is done, as with Huawei, American companies are totally forbidden to do business with the brands on this list, so they can’t use Google’s mobile services or buy hardware for their phones. The block we are currently talking about for Xiaomi, for now, is investment.
The information comes from the Reuters agency, where, according to the document to which they had access, from November 2021 this will come into force. All American investors should give up their assets from Xiaomi and Comac, which is the other reputable company they have joined (and 7 more).
We don’t know if the next administration (Joe Biden) will reconsider these measures based on alleged espionage or if the trade war will continue with dirty political demagogue tricks based on the artificial expansion of the local offer.
Undoubtedly it is a strong blow, we must be careful to formalize it.
UPDATE: It is official, as can be seen in this executive order.