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moves money TNW June 22, 2026

China hits back at the Pentagon with curbs on 56 US firms

China hits back at the Pentagon with curbs on 56 US firms
AI Summary

China’s new trade curbs target 56 US companies, from rare-earth miners to drone makers. It is direct retaliation for Washington adding Chinese firms to its military blacklist. China has answered the Pentagon’s blacklist with one of its own.

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