China threatens to blacklist foreign firms post Huawei ban

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-China trade tensions and US sanctions on Huawei.

The move was announced by the Chinese government on Friday, and the country said that the list would contain foreign companies, individuals, and organizations that "do not follow market rules, violate the spirit of contracts, blockade and stop supplying Chinese companies for noncommercial reasons, and seriously damage the legitimate rights and interests of Chinese companies".

The delivery company diverted packages sent by Huawei, a major Chinese tech brand, according to the report.

The FedEx mix-up came as Huawei faces USA moves to blacklist the company, cutting it off from American-made components it needs for its products, though a 90-day reprieve was issued.

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Washington hardly paid any heed to Chinese grievances and US Secretary of State Mike Pompeo on Friday warned European countries that the US would change its attitude towards sharing information with them unless they took measures against Huawei. Now, China's biggest tech company said it's reviewing its relationship with the US delivery service.

U.S. President Donald Trump signed an executive order earlier in May that could effectively ban Huawei from selling technology in the American market. The tariff conflict is set to ratchet up this weekend as the United States locks down higher duties on about US$200-billion of goods arriving from China and Beijing implements its own retaliation. China is setting up the list "to protect worldwide economic and trade rules and the multilateral trading system, to oppose unilateralism and trade protectionism, and to safeguard China's national security, social and public interests", he said. All this prompted the Chinese government to create its own blacklist, which it's now referring to as the "Unreliable Entity List". Around 80% of U.S. rare earths imports is supplied by China.

The Trump administration added Huawei to a trade blacklist, making restrictions that will make it extremely hard for the company to do business with US counterparts, earlier this month. -China tensions over trade and technology in which Huawei has been a main target.

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