The Chinese government may enforce several 'countermeasures' against U.S. companies in retaliation for the Trump administration's plans to crack down on shipments of semiconductors to Huawei from chipmakers worldwide.
The action is aimed at preventing the company, which reported $100 billion in revenue in 2018, from dominating the global semiconductor market, ostensibly for national security reasons, and is only the latest move by the Trump administration to curb China's trading ability.
"China should implement these countermeasures to the extent that the U.S. dare not ask for a mile after being given an inch," He Weiwen, a former senior trade official and an executive council member of the China Society for World Trade Organization Studies, told the, before suggesting the punitive measures China may be planning against the U.S. companies. He advised the Chinese government to conduct a"thorough investigation into the U.S. move and to 'let them feel the pain.
There would be a"presumption of denial" for any such license, according to the department. The move substantially curtailed the ability of U.S. corporations to do business with Huawei.
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