Saturday 25 May 2019
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business-standard - 9 days ago

China warns retaliation against Trump s move to ban Huawei

China on Thursday warned retaliation for US President Donald Trump s order that effectively barred Chinese telecom giant Huawei from the US market, saying Beijing will take necessary measures to safeguard rights and interest of its business firms. Escalating the bruising trade war with China, President Trump signed an executive order on Wednesday barring American companies from installing the foreign-made telecom equipment posing a national security threat, a move apparently aimed at banning Huawei from US networks. Trump s decision risks escalating tensions with China as the world s two largest economies clash over whether Huawei - the world s largest provider of telecommunications equipment - poses a spying risk to Western infrastructure networks. The US and China are already locked in a trade battle that has seen mounting tariffs, sparking fears the conflict will damage the global economy. Reacting sharply to Trump s move, Chinese Foreign Ministry spokesman Lu Kang told a media ...

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