On Sunday, Chinese tech giant Xiaomi announced the filing of a lawsuit in an attempt to roll back the blacklisting of the company by the former US administration led by President Donald Trump.
The appeal was filed on Friday in a Washington-based federal court on the basis of “factual inaccuracy”. The decision, which was taken by the former President Trump, was based on claims that the company’s headquarters in the Chinese national capital was being used by the Chinese armed forces.
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The statement issued by the firm read, “With a view to protecting the interests of the global users, partners, employees and shareholders of (Xiaomi), the company has pleaded to the courts to declare the decision illegal and that it be reversed.”
Various China-based business organisations, including TikTok, CNOOC and Xiaomi were in the crosshairs of the Trump administration during the final few days of the term.
The United States Department of Defense categorised nine firms, including Xiaomi, as “Communist Chinese military companies”.
This action was one of the last steps taken by the administration in Trump’s trade war with China and prohibited the investors in the US from purchasing the company’s securities.
Xiaomi’s stock took a hit of over 10% after the announcement about the blacklisting was made.
