On May 22, Bureau of International Security and Nonproliferation, Department of US State released a list including 10 Chinese companies and 3 Chinese individuals, which were forbidden to take business with state government.
T-rubber Co.,Ltd was list on it.
According to the files, no department or agency of the United States Government may procure or enter into any contract for the procurement of any goods, technology, or services from these foreign persons, except to the extent that the Secretary of State otherwise may determine;
And no department or agency of the United States Government may provide any assistance to these foreign persons, and these persons shall not be eligible to participate in any assistance program of the United States Government, except to the extent that the Secretary of State otherwise may determine;
No United States Government sales to these foreign persons of any item on the United States Munitions List are permitted, and all sales to these persons of any defense articles, defense services, or design and construction services under the Arms Export Control Act are terminated; and
No new individual licenses shall be granted for the transfer to these foreign persons of items the export of which is controlled under the Export Administration Act of 1979 or the Export Administration Regulations, and any existing such licenses are suspended.
These measures shall be implemented by the responsible departments and agencies of the United States Government and will remain in place for two years from the effective date, except to the extent that the Secretary of State may subsequently determine otherwise.
T-Rubber Co., Ltd. is China’s well-known company for manufacturing and researching aircraft tires, safety tires and special rubber products. T-Rubber owns many famous brands such as PEACE DOVE, SILVER ELEPHANT, SUNG JIN, and SANHUAN.
According to the company's annual report, T-rubber's net-profit was 33 million yuan, 25 million yuan and 16 million yuan between 2015 to 2017.
An industrial insider said that Sanhuan Tire were used in China's self-developed water&land airplane AG600, which might be the main reason US put it in the list.
