According to Reuters, which quotes the Chinese newspaper Global Times, China is ready to respond to the US measures by placing several large US companies on a blacklist - Geeko

Last week, the U.S. government announced it was extending the ban on the sale of Huawei and ZTE devices in the country due to the national security risk they pose. A decision that would specifically aim to prevent Huawei from receiving more powerful chips for its devices.

This new attack on Chinese companies may well have ignited the powder. Reuters reports Chinese newspaper Global Times reports that China is prepared to respond to US measures by blacklisting several large US companies, much like what the United States has been doing with Huawei for a year now .

According to the media, close to the Chinese government, China would consider launching investigations and restrictions against American companies such as Apple, Cisco Systems or Qualcomm.

Tensions that will rise

In addition to the prolongation of sanctions against Huawei, the American president keeps repeating openly that China is solely responsible for the coronavirus pandemic. Donald Trump said in an interview with Fox Business that he plans to cut all ties to the country and that he does not wish to speak with his Chinese counterpart at the moment. Words that certainly exacerbated tensions with China and convinced the latter to retaliate by attacking American companies.

Chinese authorities have yet to make any official statement, but the consequences of such a response could be dramatic for American businesses. For many of them, China represents the world's largest market. The Chinese market represented 14.8% of Apple's revenues during its second fiscal quarter. Tensions between the two countries could further escalate in the coming weeks, amid a global health crisis.

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  • Economy
  • Apple
  • High-Tech
  • United States
  • Economic crisis
  • China
  • Huawei