Biden administration agrees to remove Xiaomi from trade blacklist

The Department of Defense had designated Xiaomi as a "Communist Chinese military company" in January. What you need to know The U.S. has decided not to blacklist Xiaomi. The move, which was proposed by the Trump administration, would have restricted American investment in the company. Xiaomi had sued the U.S. government earlier this year, after which a preliminary injunction against the blacklisting was issued by a district judge. The U.S. has finally reached an agreement with Chinese smartphone...