The post U.S. eyes ban electronics testing labs linked to China appeared on BitcoinEthereumNews.com. On Monday, the Federal Communications Commission said it has opened a proceeding to revoke U.S. recognition for seven testing laboratories tied to the Chinese government, citing national security concerns. In May, the agency approved rules blocking some China-based labs from certifying devices like phones, cameras, and computers for sale in the U.S. The FCC added that recognition for four other Chinese labs has run out since May and will not be renewed, including two that had sought extensions. “Foreign adversary governments should not own and control the labs that test the devices the FCC certifies as safe for the U.S. market,” FCC Chairman Brendan Carr said. Every electronic product headed for the United States must clear the FCC’s equipment authorization process before import. The agency estimates that about 75% of such devices are tested in labs located inside China. As reported by Reuters, targets named by the FCC include Chongqing Academy of Information and Communications, CQC Internet of Vehicles Technical Service Co, CVC Testing, TUV Rheinland-CCIC Ningbo Co, UL-CCIC, CESI (Guangzhou) Standards,  China Academy of Information and Communications Technology. Shanghai Institute of Measurement and Testing Technology, and CCIC Southern Testing Co. Chinese embassy criticized U.S. for politicizing trade The Chinese Embassy in Washington has said before that it opposes the United States “over-stretching the concept of national security, using national apparatus and long-arm jurisdiction to bring down Chinese companies. We oppose turning trade and technological issues into political weapons.” The FCC has previously said many of the labs appear to have close ties to the Chinese Communist Party, including links to state-owned enterprises or the Chinese military. The agency said these facilities have tested thousands of devices for the U.S. market in recent years. In November 2022, the commission stopped approvals of new telecommunications equipment from Huawei and ZTE, and… The post U.S. eyes ban electronics testing labs linked to China appeared on BitcoinEthereumNews.com. On Monday, the Federal Communications Commission said it has opened a proceeding to revoke U.S. recognition for seven testing laboratories tied to the Chinese government, citing national security concerns. In May, the agency approved rules blocking some China-based labs from certifying devices like phones, cameras, and computers for sale in the U.S. The FCC added that recognition for four other Chinese labs has run out since May and will not be renewed, including two that had sought extensions. “Foreign adversary governments should not own and control the labs that test the devices the FCC certifies as safe for the U.S. market,” FCC Chairman Brendan Carr said. Every electronic product headed for the United States must clear the FCC’s equipment authorization process before import. The agency estimates that about 75% of such devices are tested in labs located inside China. As reported by Reuters, targets named by the FCC include Chongqing Academy of Information and Communications, CQC Internet of Vehicles Technical Service Co, CVC Testing, TUV Rheinland-CCIC Ningbo Co, UL-CCIC, CESI (Guangzhou) Standards,  China Academy of Information and Communications Technology. Shanghai Institute of Measurement and Testing Technology, and CCIC Southern Testing Co. Chinese embassy criticized U.S. for politicizing trade The Chinese Embassy in Washington has said before that it opposes the United States “over-stretching the concept of national security, using national apparatus and long-arm jurisdiction to bring down Chinese companies. We oppose turning trade and technological issues into political weapons.” The FCC has previously said many of the labs appear to have close ties to the Chinese Communist Party, including links to state-owned enterprises or the Chinese military. The agency said these facilities have tested thousands of devices for the U.S. market in recent years. In November 2022, the commission stopped approvals of new telecommunications equipment from Huawei and ZTE, and…

U.S. eyes ban electronics testing labs linked to China

2025/09/09 13:33

On Monday, the Federal Communications Commission said it has opened a proceeding to revoke U.S. recognition for seven testing laboratories tied to the Chinese government, citing national security concerns.

In May, the agency approved rules blocking some China-based labs from certifying devices like phones, cameras, and computers for sale in the U.S.

The FCC added that recognition for four other Chinese labs has run out since May and will not be renewed, including two that had sought extensions.

“Foreign adversary governments should not own and control the labs that test the devices the FCC certifies as safe for the U.S. market,” FCC Chairman Brendan Carr said.

Every electronic product headed for the United States must clear the FCC’s equipment authorization process before import. The agency estimates that about 75% of such devices are tested in labs located inside China.

As reported by Reuters, targets named by the FCC include Chongqing Academy of Information and Communications, CQC Internet of Vehicles Technical Service Co, CVC Testing, TUV Rheinland-CCIC Ningbo Co, UL-CCIC, CESI (Guangzhou) Standards,  China Academy of Information and Communications Technology. Shanghai Institute of Measurement and Testing Technology, and CCIC Southern Testing Co.

Chinese embassy criticized U.S. for politicizing trade

The Chinese Embassy in Washington has said before that it opposes the United States “over-stretching the concept of national security, using national apparatus and long-arm jurisdiction to bring down Chinese companies. We oppose turning trade and technological issues into political weapons.”

The FCC has previously said many of the labs appear to have close ties to the Chinese Communist Party, including links to state-owned enterprises or the Chinese military. The agency said these facilities have tested thousands of devices for the U.S. market in recent years.

In November 2022, the commission stopped approvals of new telecommunications equipment from Huawei and ZTE, and also blocked telecom and video-surveillance gear from Hytera Communications, Hangzhou Hikvision Digital Technology, and Zhejiang Dahua Technology.

In March this year, the FCC said it was reviewing nine Chinese companies, including Huawei, Hikvision, China Mobile and China Telecom, to determine whether they were trying to get around U.S. restrictions.

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Source: https://www.cryptopolitan.com/u-s-eyes-ban-electronics-testing-labs-linked-to-china/

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Big U.S. banks cut prime rate to 7.25% after Fed’s interest rate cut

Big U.S. banks cut prime rate to 7.25% after Fed’s interest rate cut

The post Big U.S. banks cut prime rate to 7.25% after Fed’s interest rate cut appeared on BitcoinEthereumNews.com. Big U.S. banks have lowered their prime lending rate to 7.25%, down from 7.50%, after the Federal Reserve announced a 25 basis point rate cut on Wednesday, the first adjustment since December. The change directly affects consumer and business loans across the country. According to Reuters, JPMorgan Chase, Citigroup, Wells Fargo, and Bank of America all implemented the new rate immediately following the Fed’s announcement. The prime rate is what banks charge their most trusted borrowers, usually large companies. But it’s also the base for what everyone else pays; mortgages, small business loans, credit cards, and personal loans. With this cut, borrowing gets slightly cheaper across the board. Inflation still isn’t under control. It’s above the 2% goal, and the impact of President Donald Trump’s tariffs remains uncertain. Fed reacts to rising unemployment concerns Richard Flynn, managing director at Charles Schwab UK, said jobless claims are at their highest in almost four years, despite the Fed originally planning to keep rates unchanged through the summer. “Although the summer began with expectations of holding rates steady, the labor market has shown more signs of weakness than anticipated,” Flynn said. Hiring has slowed because of uncertainty around Trump’s trade policy. Companies are hesitating to add staff, which is why job growth has nearly stalled. As fewer people are hired, spending starts to shrink. And that’s when things start to unravel. That’s what the Fed is trying to get ahead of with this rate cut. The cut also helps banks directly. Lower rates mean more people may qualify for loans again. During the previous rate hikes, lending standards got tighter. Now, with cheaper credit, smaller businesses could get approved again. If well-funded businesses feel confident, they may hire again. That could eventually help the consumer side of the economy bounce back, but that’s…
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