The situation of war between the two countries escalates to a new level. The Chinese side will also make a list of embargo on US companies and retaliate against Huawei.
Sheet Nikkei reported, China is about to launch a blacklist of its own (Entity List), targeting individuals, corporations and foreign companies that have hurt the interests of Chinese businesses. A move to retaliate against the US when it brought Huawei into the embargo list, made the group paralyze its business. The list will list "unreliable" companies that have violated market rules, contract spirit, cut off supply of components for non-business reasons.
China is about to retaliate against Huawei
Trump's previous move not only made Huawei lose the right to trade and cooperate with US companies, but also spread to other foreign companies. In turn, Google, Microsoft, Intel, Qualcomm, or even non-US companies like ARM, Panasonic, Toshiba, all cease cooperation. Huawei is undergoing the biggest event in its history.
Detailed information about the list will be updated by the Ministry of Commerce of China in the future. One thing is clear that companies dependent on the Chinese market will suffer great damage. In addition, this is also a warning for any company planning to join boycott Huawei in the future.