Beijing Hints Washington's "Nuclear Option" Against Huawei Could Crash Trade Talks

Zero Hedge | 5/15/2019 | Staff
ashb0101 (Posted by) Level 3
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Beijing has already responded to President Trump's blacklisting of Huawei and dozens of its affiliates via Hu Xijin, one of its most closely watched English-language mouthpieces...

...and Huawei has also released a statement of its own, saying it is"ready and willing to work with the US government" to offer reassurances about safety and security.

Thursday - Foreign - Ministry - MOFCOM - Ministry

But early Thursday, the Foreign Ministry, which along with the MOFCOM (the Ministry of Commerce), is perhaps the most closely watched by the West, issued the most strongly worded statement yet, blasting the White House's tactics as "disgraceful and unjust" and hinting that the Huawei ban could hurt the ongoing trade negotiations.

Shortly after President Trump signed an executive order banning Huawei and other foreign telecoms companies from doing business with US companies, the Department of Commerce said it would add Huawei to its "Entity List," which could prohibit US firms from selling equipment to Huawei - something that could seriously impact the company's operations. A similar move against Chinese telecoms giant ZTE last year nearly brought down the company.

Lu - Kang - Ministry - Spokesman - Beijing

Lu Kang, the foreign ministry spokesman, warned that Beijing would take...
(Excerpt) Read more at: Zero Hedge
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