Xiaomi Escapes U.S. Sanctions After Government Backs Down

The Xiaomi struck a deal to escape the sanctions of the United States . The deal with the American government comes after the Department of Defense accused the manufacturer of being a “Chinese communist military company” in mid-January 2021. The information was revealed by Bloomberg on Wednesday (12). According to the website, the United States Department of Defense agreed that a final order to remove the company from the list “would be appropriate”. “The parties reached an agreement on a way forward that would resolve this dispute without the need for contested instruction,” says a document submitted to the country’s court. The terms of the agreement are still

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