China Calls U.S. Rules on Huawei ‘Nothing Short of Bullying’
- Trump administration restricts Huawei’s access to chips
- Shares of Huawei suppliers dropped sharply across Asia
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China denounced the U.S.’s latest moves to curb Huawei Technologies Co.’s access to commercially available chips, the latest blow in an increasingly tense relationship between the world’s two biggest economies.
The changes announced by the Commerce Department on Monday build on restrictions announced in May, adding 38 Huawei affiliates in 21 countries to an economic blacklist as the U.S. seeks to limit adoption of the company’s 5G technology. In an interview on “Fox and Friends,” President Donald Trump said he doesn’t want Huawei’s equipment in the U.S. “because they spy on us.”