Just a few days after finishing his term and in the midst of a political crisis, the administration of President Donald Trump imposed a commercial veto against Xiaomi and included the brand, and eight other Chinese companies, on the investor blacklist of according to a Reuters report.
This means that in the event that Xiaomi has an investor among its ranks or receives money from an American businessman, it will have to say goodbye to said capital from November 11, when the document that Reuters had access.
In the document, the Pentagon to Xiaomi to collaborate with the Chinese army, however and in the same way that happened with Huawei, no evidence is reported to validate these accusations. In addition to Xiaomi, the aeronautics Comac and the oil company Cnooc were also included.
According to the Financial Times, the companies included in this list are prohibited from receiving investments from the United States, according to a presidential decree signed by the president last November.
Will Xiaomi face the same fate as Huawei?
Before the conspiracy theories begin, here are some things you need to know about this new veto against Chinese companies.
The first thing is that its application will no longer be in charge of the current administration because the president lost the elections to extend his management so that on January 20 he will be replaced by Joe Biden, who could reverse the situation.
It is worth noting that the new administration, nor the president-elect of the United States have spoken about the commercial vetoes that the president imposed on the different technology companies of Chinese origin, remember that among his victims were Huawei, DJI and TikTok.
Another detail that you should keep in mind is that Xiaomi was included in the list of investors and not the business one, so the company could maintain its current commercial agreements without fear that they will be affected, for example, the purchase of parts, software licensing or patents.