Huawei wants Washington to correct its ‘wrong actions’ over a ban, a move that intensified trade war tensions between both countries.
BEIJING: Beijing said Washington needs to correct its “wrong actions” for trade talks to continue after the US blacklisted Huawei, a blow that has rippled through global supply chains and battered tech shares as investors feared a looming technology cold war.
“We will closely monitor relevant developments and prepare necessary responses,” he said, without elaborating. Huawei founder Ren Zhengfei told Chinese financial magazine Caixin on Thursday that he did not see ARM’s decision to suspend business with Huawei as having an impact on the company. No further trade talks between top Chinese and US negotiators have been scheduled since the last round ended on May 10, the same day US President Donald Trump sharply increased tariffs on US$200 billion worth of Chinese goods and took steps to levy duties on all remaining Chinese imports.
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