China threatens retaliation against U.S. humanoid robot ban, says it 'severely damages' relations
📰 source: cnbc_topnews · 💼 business
the u.s. fcc added foreign-made advanced robotic devices, including humanoid robots, to a list restricting imports due to cybersecurity concerns on tuesday. china's commerce ministry responded thursday, saying the move severely damages economic and trade stability and threatening countermeasures if the decision is not withdrawn.
marc einstein of counterpoint research said this is bad news for chinese humanoid producers planning their ipos, noting china could retaliate by restricting rare earth sales to american companies or limiting market access for tesla and nvidia. the statement comes ahead of a scheduled meeting between president trump and president xi in september, while treasury secretary scott bessent said the u.s. could sanction china over ai model theft.
chinese companies agibot, unitree, and ubtech were the top three humanoid firms by market share last year. hong kong-listed ubtech shares fell over 6% after the news. unitree and agibot have filed to go public. robostore, a distributor of chinese humanoid robots in north america, said it is expanding its u.s. capabilities.
why it matters: u.s. humanoid robot ban threatens ipos of top chinese firms and escalates tech tensions ahead of trump-xi summit.
source: cnbc_topnews
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