The Chinese manufacturer Xiaomi is no longer blacklisted by the United States government, following a lawsuit to US courts. According to Bloomberg, the two sides agreed â€œupon a path forward that would resolve this litigation without the need for a contested briefingâ€, meaning the US Defense Department backed down from de-listing Xiaomi from global benchmark indexes.
The issue between the company and the US started in November 2020, when former US President Donald Trump branded Xiaomi as a â€œCommunist Chinese military companyâ€, to prevent American citizens and companies from doing business with the manufacturer.
In response to that, Xiaomi filed a lawsuit against the US government in January 2021 and was granted a preliminary injunctionÂ (basically an exclusion from the ban) by the US District Court for the District of Columbia two months later.
Based the recent development, neither the US courts nor Xiaomi were able to provide any comment, while Chinese Foreign Ministry official claimed to be unaware of any deal between the two sides for now.