Huawei Cuts Meetings With U.S., Sends U.S. Workers Home

Huawei Cuts Meetings With U.S., Sends U.S. Workers Home

"Now that China has established a list of unreliable entities, the investigation into FedEx will be a warning to other foreign companies and individuals that violate Chinese laws and regulations", China Central Television said in a commentary.

China's own list, which will also include organizations and individuals, will target entities deemed to have blockaded or cut off Chinese companies from suppliers for non-commercial reasons, Ministry of Commerce spokesperson Gao Feng said, promising further details.

The Ministry of Commerce did not say which companies are going to be added to the list, but said that "detailed measures" will be announced soon.

That prompted Beijing to hit back with additional levies on the majority of US imports on a $60 billion target list.

The announcement of the blacklist comes just two weeks after the USA included Chinese tech giant Huawei - accused by Washington of being a national security threat - in a list of companies and individuals denied access to American technology.

Chinese Vice Commerce Minister and Deputy China International Trade Representative Wang Shouwen attends a news conference during the ongoing session of the National People's Congress (NPC) in Beijing, China March 9, 2019.

China's retaliatory tariffs against U.S. goods will go into effect tomorrow and will impact roughly $US60 billion ($87 billion) in American exports.

Chinese authorities will investigate United States delivery company FedEx over harming the interests of its clients, state media reported on Saturday.

It also escalated the stakes this month by putting the Chinese telecom giant Huawei on a blacklist that effectively bars U.S. companies from supplying it with computer chips, software and other components without government approval.

China's response seems to escalate trade-war tensions, but in reality, there's probably little that China can do to whatever companies end up on its list.

China will publish a white paper on its position on trade talks with the USA on Sunday in Beijing.

The most recent round of negotiations earlier this month ended with no agreement, after Mr Trump more than doubled duties on 200 billion dollars (£158bn) in Chinese imports.

Chinese state-owned newspapers warned this week that Beijing was ready to use its dominance in the production of rare earths - chemical elements used in everything from hi-tech consumer electronics to military equipment - in its trade war with the United States.

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