In mid-January, a few days before the resignation, the Donald Trump administration introduced Xiaomi
What does it mean
Let us remind you 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 repeat of history with Huawei, Xiaomi is still outraged by this decision.
An official statement said that the company“provides products and services for civilian and commercial use and is not owned, controlled or affiliated with the Chinese military and is not a “communist Chinese military company.”
Xiaomi also emphasizes that “it will face imminent, serious and irreparable harm if the order remains in force and restrictions come into effect.”
By the way, specific people are named in the lawsuit - the ministerUS Defense Lloyd Austin and Treasury Secretary Janet Yellen. Although they assumed their positions after the inauguration of current President Joe Biden, that is, after the introduction of sanctions.
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