The U.S. Commerce Department has added a dozen Chinese companies to a trade blacklist, citing national security concerns and some of the firms’ involvement in aiding the Chinese military’s quantum computing efforts.
The United States is likely to see greater inflation risks from record-high housing prices as demand continues to outstrip the number of newly-built homes while bottlenecks in supply chains slow construction, Federal Reserve Governor Michelle Bowman said on Monday.
The Commerce Department added 34 foreign entities to an export blacklist on Friday for "acting contrary to the foreign policy interests of the United States," including 23 companies allegedly tied to the Chinese military or implicated in the genocide against Muslim minorities in Xinjiang.