Posted originally on the CTH on March 3, 2023 | Sundance
He’s not called China Joe for nothing. This is quite a considerable amount of U.S. tech products delivered to blacklisted Chinese companies. It would be interesting to trace the multinational kickbacks to the Biden administration.
March 3 (Reuters) – The Biden administration approved 192 licenses worth over $23 billion to ship U.S. goods and technology to Chinese companies on a U.S. trade blacklist in the first quarter of last year, according to a document released by a U.S. congressional committee on Friday.
The 192 licenses granted were out of 242 license applications decided between January and March 2022, a chart showed, and 115 of those approved contained controlled technology. Nineteen, or 8 percent of the total number of applications, were denied, and 31 were returned without action.
Republican Representative Michael McCaul, chair of the U.S. House of Representatives Foreign Affairs Committee, released the license numbers on Friday after revealing at a hearing on Tuesday that more than $23 billion worth of licenses were approved for suppliers to companies on the U.S. Department of Commerce’s “entity list” in the first quarter of 2022.
In a statement on Friday, McCaul called the approvals unacceptable. “This critical U.S. technology is going to the Chinese Communist Party’s surveillance and military efforts,” he said. (read more)
Beijing knows they can purchase U.S. political outcomes. At this point the pretending is embarrassing.