China said the United States needs to correct its 'wrong actions' for ...
BEIJING - China said the United States needs to correct its “wrong actions” for trade talks to continue after it blacklisted Huawei, a blow that has rippled through global supply chains and battered tech shares as investors fear a technology cold war.
“If the United States wants to continue trade talks, they should show sincerity and correct their wrong actions. Negotiations can only continue on the basis of equality and mutual respect,” Chinese Commerce Ministry spokesman Gao Feng told a weekly briefing. Japan’s Toshiba Corp said it had resumed some shipments to Huawei after temporarily suspending shipments to check whether they included U.S.-made components.
He said that Huawei had a long-term agreement with ARM and speculated that the British firm had made such a move because its parent, Japan’s SoftBank Group Corp, was waiting for U.S. approval for the merger of Sprint Corp, which it owns, and T-Mobile US Inc.
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