China says US damaging global trade with Huawei sanctions


Source: myvuenews.com myvuenews.com

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By JOE McDONALD, BEIJING (AP) — China accused Washington of damaging global trade with sanctions that threaten to cripple tech giant Huawei and said Tuesday it will protect Chinese companies but gave no indication of possible retaliation. Rules confirmed Monday by the Commerce Department block suppliers from using U.S. technology to produce processor chips and other components for Huawei. The company, China’s first global tech competitor, is the biggest supplier of switching equipment for phone companies and a leading smartphone brand. The foreign ministry demanded the Trump administration “stop suppressing Chinese companies.” Huawei Technologies Ltd. is at the center of...