Published by Global Banking & Finance Review®
Posted on March 4, 2025
2 min readLast updated: January 25, 2026
Add as preferred source on GoogleChina has imposed new trade restrictions on 25 U.S. companies, including Leidos and IPVM, amid escalating tensions with the U.S.
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)
China imposed retaliatory tariffs and placed export and investment restrictions on 25 U.S. firms on national security grounds.
The companies targeted include Leidos Holdings, Gibbs & Cox, IPVM, and Sourcemap.
Leidos Holdings, headquartered in Virginia, develops hypersonic weapons and has received significant contracts from the U.S. Air Force.
IPVM has focused on the Chinese surveillance camera producer Hikvision, highlighting its collaboration with the Chinese government to monitor minority groups.
Sourcemap provides software solutions for supply chain transparency and due diligence checks, helping brands vet cotton sourced from China's Xinjiang region.
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