China is dealing a new blow to the US military-industrial complex
Text from Eurasia & Multipolarity :
CHINA IS DEALING A NEW BLOW TO THE US MILITARY-INDUSTRIAL COMPLEX :
China has imposed exports restrictions against 10 US companies related to drones, military industry, aerospace technologies and rare earth metals.
Beijing’s sanctions include :
● Aveox Inc
● Red Cat Holdings Inc
● Teal Drones Inc
● IMSAR LLC
● Jaia Robotics Inc
● Ball Aerospace & Technologies Corp
● Oshkosh Defense
● L3 Harris Maritime Services
● LP Materials (rare earths)
● USA Rare Earth Inc
Now Chinese companies are prohibited to sell them with dual-use products and all-existing contracts must be terminated immediately. The inclusion of US producers of rare earth materials in the list is particularly significant. China is increasingly using its dominance in strategic supply chains as an instrument of geopolitical pressure, The technological war between China and the United States continues to gain momentum.