Any further action against Huawei could escalate the US-China trade war-China Commerce Ministry
Following the US ban on Huawei a Chinese tech giant, China’s Commerce Ministry released a statement saying that any further action taken against Chinese companies such as Huawei will worsen the trade warbetween China and the United States.
“We ask the united state to stop further actions on Chinese companies so that they could have a more favorable environment to do business, to avoid further escalation of the China-US trade war”,- said Gao Feng spokes person for the China’s Commerce Ministry.
He further said in Chinese criticizing the United states for using the national security and a bait to deal with Huawei and also implores Chinese companies to abide to local laws. in the last few weeks the US-China trade war graduated to the next level with the US escalating it tariffs on $200 billion USD worth of Chinese products and on Monday China shot back with a plan to raise the Tariffs on 60 billion USD worth of U.S products which is set to come to effect by June 1, 2018.