Reuters first with news that U.S. has drafted list of 89 firms with military ties; market reacts

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Business & FinancePolitical & GeneralTech

Reuters was first to report on Sunday that the Trump administration is close to declaring that 89 Chinese aerospace and other companies have military ties, restricting them from buying a range of U.S. goods and technology. The list, if published, could further escalate trade tensions with Beijing and hurt U.S. companies that sell civil aviation parts and components to China, among other industries.

Market Impact

The news pushed the yuan lower against the dollar on Monday.

Article Tags

Topics of Interest: Business & FinancePolitical & GeneralTech

Type: Reuters Best

Sectors: Equities

Regions: AsiaNorth America

Story Types: Exclusive / Scoop

Media Types: Text

Customer Impact: Major Global Story