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How will China respond to U.S. sanctions on 29 companies by April 30, 2025?
2
Resolution / Starting Odds
Retaliatory sanctions • 25%
Formal complaint to WTO • 25%
Diplomatic negotiations • 25%
No significant action • 25%
Official announcements from the Chinese government or state media reports
Story
China Condemns U.S. Sanctions on 29 Companies, Warns of Retaliation Over Chip Controls
Nov 28, 2024, 08:55 AM
China has issued a strong condemnation of the United States' recent decision to blacklist 29 Chinese companies under the Uyghur Forced Labor Prevention Act, describing the move as baseless bullying. The Chinese Ministry of Commerce (MOFCOM) has expressed firm opposition to this action and has lodged solemn representations with the U.S. government. In response to the potential escalation of U.S. export controls targeting China, particularly concerning chip control measures, MOFCOM has warned that it will take necessary measures to protect the legitimate rights of Chinese enterprises. This comes as the Biden administration is set to unveil new export controls.
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Similar markets
Diplomatic protest • 25%
Trade sanctions on US • 25%
Retaliatory tariffs • 25%
Other measures • 25%
Retaliatory sanctions on U.S. entities • 25%
Diplomatic negotiations • 25%
No significant response • 25%
Other • 25%
European Union supports • 25%
European Union opposes • 25%
United Nations supports • 25%
United Nations opposes • 25%
Imposing new sanctions on Chinese firms • 25%
Diplomatic negotiations • 25%
No significant action • 25%
Other • 25%
Impose tariffs on U.S. goods • 25%
Restrict exports to the U.S. • 25%
File a complaint with the WTO • 25%
Other retaliatory actions • 25%
Retaliatory sanctions • 25%
Diplomatic protest • 25%
Negotiation attempts • 25%
No response • 25%
Yes • 50%
No • 50%
Yes • 50%
No • 50%