China's Commerce Ministry warned Thursday that U.S. actions against companies such as Huawei could escalate trade tensions.
On Wednesday, U.S. President Donald Trump declared a national emergency over threats against American technology. The U.S. The Department of Commerce subsequently announced the addition of Huawei Technologies and its affiliates to the Bureau of Industry and Security (BIS) Entity List. Now U.S. businesses will need a license to sell or transfer technology to Huawei, making it much more difficult for the Chinese telecom giant to conduct business with them.
We ask the U.S. According to a CNBC translation, he has been quoted as saying by the spokesman Gao Feng, a spokesman for Gao Feng in Mandarin, who said he could stop the further actions, so that Chinese companies could have a more normal environment for trade, in order to avoid further escalation of US-China trade tensions. criticized the use of national security as a tool for protec- tionism, and emphasized that Chinese companies' operations in the overseas should respect local laws.
Trade tensions between the US and China has taken a negative turn over the past two weeks, upsetting expectations that both sides would soon reach a deal. The U.S. raised tariffs are $ 200 billion worth of Chinese goods on Friday, and China retaliated with plans for tariffs of $ 60 billion worth of U.S. Goods set to take effect June 1
Gao said Beijing has not received any details on U.S. visit to China for further trade negotiations. Treasury Secretary Steven Mnuchin plans to visit Beijing in the near future, according to a report by Dow Jones.
On the topic of a meeting between Trump and Chinese President Xi Jinping in the following month, the Commerce Department referred CNBC to the Ministry of Foreign Affairs Affairs