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    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
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    Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Headlines

    Factbox-China imposes new curbs on U.S. firms as trade row grows

    Factbox-China imposes new curbs on U.S. firms as trade row grows

    Published by Global Banking and Finance Review

    Posted on March 4, 2025

    Featured image for article about Headlines

    BEIJING (Reuters) - China on Tuesday hit back against the United States with retaliatory tariffs and placed export and investment restrictions on 25 U.S. firms on national security grounds, though it refrained from punishing big U.S. household names.

    Here are four new names targeted by China:

    LEIDOS HOLDINGS

    Headquartered in Virginia, Leidos develops hypersonic weapons. In December, the U.S. Air Force awarded the aerospace firm a $987 million contract for F-16 fighter jet support to the Taiwanese military. It was put on China's export control list.

    GIBBS & COX

    Acquired by Leidos in 2021, the naval architecture company specializes in designing sea surface warships. Its past projects include designing anti-submarine warfare frigates for Taiwan. It was put on China's export control list.

    IPVM

    Several reports by the surveillance company IPVM have focused on Chinese surveillance camera producer Hikvision, which it has said worked with the Chinese government to track and monitor minority Uyghurs. Rights groups and the U.S. government have accused China of abuses against Xinjiang's Uyghur population, which China denies. It was put on China's export control list.

    SOURCEMAP

    It provides software solutions for supply chain transparency and due diligence checks. Some global brands have used Sourcemap's services to vet cotton from China's Xinjiang region. It was put on China's export control list.

    (Reporting by Che Pan and Brenda Goh; Editing by Bernadette Baum)

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