Xiaomi has officially been removed from the US trade blacklist
Earlier this week, a US court issued a ruling that had Xiaomi removed from the US sanction list, lifting the Department of Defense’s designation of CCMC or a Communist Chinese Military Company.
In other words, the Chinese tech giant has been removed from the government’s trade blacklist, which had placed restrictions on the buying or holding of stocks by any person in the US. The brand also shared that “The US District Court for the District of Columbia issued a final order vacating the US Department of Defense’s designation of the company as a CCMC.” This order was made back on Tuesday (25th May 2021).
The brand’s founder and CEO Lei Jun also added that “The Company is grateful for the trust and support of its global users, partners, employees, and shareholders. The Company reiterates that it is an open, transparent, publicly traded, independently operated and managed corporation.” For those unaware, the company had been facing pressure from the US government, similar to Huawei, which has faced a trade ban that has even disrupted its supply chain.
Notably, the ruling also arrives as a reversal of the previous President’s, Donald Trump, final jabs against Beijing by the Biden administration. The court filing adds that the smartphone maker and the US government will now agree to resolve their ongoing litigation and bring an end to this controversial feud between Xiaomi and Washington.
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