The US Department of Defense and Xiaomi reached an agreement on the abolition of a ban on investing in this Chinese company introduced during the President of the Republican Donald Trump. This was reported by the Bloomberg agency with reference to the judicial document.
According to the decree given from the decree, “the parties agreed on further actions that will resolve the dispute” without the need to continue the trial. The parties continue negotiations on a number of conditions and plan to submit a joint statement by May 20.
In January, the Pentagon expanded its list of Chinese companies operating in the United States and related, according to Washington, with the military industry in the PRC. The list among others was Xiaomi. On the company in the list, the action of the signed by the Trump decreases the ban on American investment.