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U.S. blacklists dozens of Chinese firms including SMIC – Reuters

WASHINGTON (Reuters) -The United States confirmed on Friday it will add dozens of Chinese companies, including the countrys top chipmaker, SMIC, to a trade blacklist.
The move, which was first reported by Reuters, is seen as the latest in President Donald Trumps efforts to cement his tough-on-China legacy. It comes just weeks before Democratic President-elect Joe Biden is set to take office on Jan. 20.
The U.S. Commerce Department confirmed the decision early Friday, saying the action stems from…

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