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Photo: VCG/VCG via Getty Images

The Commerce Department restricted Huawei even more in the U.S. today, adding to its export blacklist 38 Huawei affiliates the Trump administration says the company used to evade its own earlier blacklisting.

Why it matters: The Trump administration is escalating its technological battle with China. Monday's announcement makes it even harder for Huawei to get chips it needs for its hardware from American companies.

What they're saying: The Commerce Department says Monday's action will "prevent Huawei's attempts to circumvent U.S. export controls to obtain electronic components developed or produced using U.S. technology."

  • This May, Commerce amended a rule to go after Huawei's acquisition of semiconductors that use U.S. technology and software. Monday's announcement tightens that rule.
  • “As we have restricted its access to U.S. technology, Huawei and its affiliates have worked through third parties to harness U.S. technology in a manner that undermines U.S. national security and foreign policy interests," Commerce Secretary Wilbur Ross said. "This multi-pronged action demonstrates our continuing commitment to impede Huawei’s ability to do so.”

Go deeper: The great tech decoupling is here

Go deeper

Aug 26, 2020 - World

U.S. targets Chinese individuals, companies over escalation in South China Sea

Fishing vessels are seen in the South China Sea Photo: Artyom Ivanov/TASS via Getty Images

The Department of Commerce on Wednesday blacklisted 24 Chinese firms for "helping the Chinese military construct and militarize the internationally condemned artificial islands in the South China Sea."

Why it matters: The move comes as the Trump administration continues to ramp up pressure on Beijing amid escalating tensions in the disputed region.

43 mins ago - World

Putin foe Navalny to be detained for 30 days after returning to Moscow

Russian opposition leader Alexey Navalny. Photo: Oleg Nikishin/Epsilon/Getty Images

Russian opposition leader Alexey Navalny has been ordered to remain in pre-trial detention for 30 days, following his arrest upon returning to Russia on Sunday for the first time since a failed assassination attempt last year.

Why it matters: The detention of Navalny, an anti-corruption activist and the most prominent domestic critic of Russian President Vladimir Putin, has already set off a chorus of condemnations from leaders in Europe and the U.S.

Biden picks Warren allies to lead SEC, CFPB

Photo: Justin Sullivan/Getty Images

President-elect Joe Biden has selected FTC commissioner Rohit Chopra to be the next director of the Consumer Financial Protection Bureau (CFPB) and Obama-era Wall Street regulator Gary Gensler to lead the Securities and Exchange Commission (SEC).

Why it matters: Both picks are progressive allies of Sen. Elizabeth Warren (D-Mass.) and viewed as likely to take aggressive steps to regulate big business.