Taiwan's Commerce Ministry has added Chinese technology giants Huawei Technologies and Semiconductor Manufacturing International Corp (SMIC) to its export control list, effectively banning semiconductor and chip-related exports to these companies. This move requires Taiwanese firms to obtain government approval before supplying any products to Huawei and SMIC, citing national security concerns. The inclusion of these companies on the export blacklist aligns Taiwan more closely with U.S. trade policy amid increasing trade and technology tensions with China. The list also includes proscribed organizations such as Al-Qaeda and the Taliban, highlighting the severity of the restrictions. In response, Beijing has condemned Taiwan's actions and threatened retaliatory measures. Subsequently, China’s Ministry of Commerce added eight Taiwan-based entities, including aerospace, shipbuilding, and defense-related companies, to its own export control list, banning exports of dual-use items to these firms. The Chinese government cited national and regional security concerns and accused these Taiwanese companies of cooperating with Taiwan independence separatist forces. These reciprocal export controls reflect escalating trade and geopolitical tensions between Taiwan and China. Meanwhile, India is strengthening economic ties with Taiwan, with Taiwanese banks planning to open branches in Gujarat’s GIFT City, signaling growing cross-border trade and financial cooperation.