Xiaomi sues the US government over sanctions

In mid-January, a few days before resigning, the Donald Trump administration introduced Xiaomi

into a black list". The Chinese company did not wait long and responded by suing the US government.

What does it mean

Recall that sanctions imply a banAmerican investment in a Chinese company. Also, all existing investors will have to withdraw their assets by November 11, 2021. And although this is not a repetition of the story with Huawei, Xiaomi is still outraged by this decision.

The official statement says that the company"Provides products and services for civil and commercial use, is not owned, controlled by, or affiliated with the Chinese military, and is not a" communist Chinese military company. "

Xiaomi also stresses that "will face imminent, serious and irreparable harm if the order remains in effect and the restrictions take effect."

By the way, the lawsuit contains specific people - the ministerUS Defense Secretary Lloyd Austin and Treasury Secretary Janet Yellen. Although they took office after the inauguration of the current president Joe Biden, that is, after the imposition of sanctions.

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