US restricts trade with Chinese firms over spy balloon

By Alexandra Alper and Karen Freifeld
Updated May 10 2024 - 1:15pm, first published 1:12pm
Companies allegedly involved in a suspected spy balloon have been slapped with trade restrictions. (AP PHOTO)
Companies allegedly involved in a suspected spy balloon have been slapped with trade restrictions. (AP PHOTO)

The Biden administration has added 37 Chinese entities to a trade restriction list, including some for allegedly supporting the spy balloon that flew over the US in 2023, heightening tensions between Beijing and Washington.

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