Xiaomi gets blacklisted in the U.S. by Trump administration

Even with less than a week left in his presidency, Donald Trump is still taking shots at Chinese companies. that nine Chinese firms have been blacklisted because of alleged ties to the Chinese military. One of the companies on the list is phone manufacturer Xiaomi, .
U.S. investors are forced to sell its holdings in Xiaomi by next November
U.S. investors must sell their holdings of any of the companies being blacklisted by November 11th, 2021. Xiaomi’s shares trade Over the Counter in the states in the form of American Dispository Receipts (ADR). They …
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