Beijing targets FedEx as US-China trade war escalates

Huawei ‘axes meetings with US and sends American workers home

Thousands of multinational companies could be at risk of further trade restrictions, after China said it would be establishing a list of "unreliable" entities in response to Washington banning Huawei earlier this month.

Commerce Ministry spokesperson Gao Feng said the list would include entities or individuals which do not comply with market regulations, violate the spirit of contracts, block Chinese firms or use discriminatory measures against them for non-commercial purposes - acts that "seriously harm Chinese firms' rights and legitimate interests".

The Ministry unveiled the initiative on Friday, without specifying the measures to be taken against the blacklisted companies, which it said would be announced in the near future.

While Huawei founder Ren Zhengfei isn't a real proponent of a retaliative sanctions against USA tech firms, particularly Apple, the Chinese Authorities is already considering hitting back at United States firms, even though Apple might not be the principal target.

Soon after, the US Commerce Department placed Huawei on its 'Entity List, ' effectively barring US firms from selling its technology without government approval.

It's expected that China will not only target US companies but also other foreign companies who have been dragged into this dispute. -China trade tensions and USA sanctions on Huawei. Nearly two weeks ago, US President Donald Trump placed Huawei on the "entity list" effectively banning the company from conducting business with US companies.

Rob Parker: Warriors Can't Beat Raptors Without Kevin Durant
The Raptors are therefore the second largest underdogs in the past eight NBA Finals after the Cleveland Cavaliers in 2017/18. He is expected to miss at least Game 1 but could return during the series.

"Surely companies that have announced cutting supplies to Huawei, such as Panasonic and Toshiba, would be under threat", said Michelle Lam, Greater China economist at Societe Generale SA in Hong Kong. Bloomberg reported on Friday that China has a plan to restrict exports of rare earths to the USA if it needs to.

China's announced investigation into the delivery giant comes on the same day that its raised duties against $60 billion of USA goods went into effect - a rise from 5% to 25%.

The move resulted in serious repercussions for Huawei as U.S. companies ceased business dealings with Huawei in compliance with Trump's order.

China said this week the next move in resolving trade talks must come from the U.S., as Trump said he's in no hurry to make a deal.

The U.S. has accused China of stealing trade secrets and forced technology transfers.

Related News:



Most liked

Samsung Galaxy Note 10 Could Ditch the Headphone Jack, All Physical Buttons
This just shows that HTC, while thinking out of the box, was also ahead of its competitors. Removing the headphone jack could be another game-changer but maybe not for the better.

Amit Shah, Jaishankar to be new faces in Cabinet Committee on Security
Rajnath Singh, who was home minister in the first edition of Modi government , was the second person to be sworn in after Modi. However, the Coal ministry has been taken away from him and given to Pralhad Joshi, a new entrant in Modi Government.

Florida homeowner finds 11-foot alligator in kitchen
Photos shared on social media showed the 11-foot reptile in the kitchen area of the home located on Eagles Landing Circle West. Clearwater Police officers and a trapper responded to the scene to capture and remove the gator.

Apple Wants You to Know Its App Store Policies Are Just Fine
This would be overcome the existing undo gesture support that requires users to physically shake the device to undo the text. The Bloomberg report says there will be new , perhaps faster animations for the multitasking interface and for closing apps.

Xbox Game Pass is coming to PC with more than 100 games
We also considered the importance of bringing something new and additive to the PC gaming ecosystem, and we believe that we can. Announced in a blog post this morning , Microsoft is introducing Game Pass for PC but won't reveal everything until June 9th.

Israel to return to polls after Benjamin Netanyahu fails to secure coalition
The attorney general has set a hearing for October where Netanyahu's lawyers can plead his case before a final decision is made. After trying to coerce a concession out of Lieberman, Netanyahu and has allies have turned to an all-out offensive.

Computex 2019: Intel announces 10th-gen Intel Core desktop processors
Customers will likely be able to purchase desktops and laptops powered by the new chip just in time for the winter holidays. As for Intel Deep Learning Boost, the company claims 2.5x performance vs an equivalent 8th Gen Core U-series processor.

South Africa look to Plan B and C without Dale Steyn
You do treat these events as more important or bigger games than you normally do and in that lies a recipe that we shouldn't follow.

Rafael Nadal may have relied on YouTube to beat unknown German qualifier
Elsewhere, Stan Wawrinka and Borna Coric came through in four sets, while there was plenty of home success at Roland Garros. He will face another qualifier named Yannick from Germany in round two, this time Yannick Maden .

Trump heads back to United States after visit to Japan
Later, addressing hundreds of sailors on the nearby USS Wasp, Trump said of the F-35 planes: "The enemy has a problem with it". The U.S. president also visited the USS Wasp, an amphibious assault ship, which is now docked at the U.S.

Terrifying scenes as man sets himself on fire by White House lawn
Park Police administered first aid, and the man was reportedly taken to a nearby hospital. Park Police Criminal Investigation Division is still investigating.

Three tornadoes touched down in Pa. on Tuesday night
During a tornado , the Weather Services advises the public to go into a basement, or other interior room away from windows. Most of the township's 3,600 residents were still without power on Wednesday, according to northjersey.com .

BIMSTEC countries, including Nepal invited to Modi's swearing-in ceremony
The prime minister-elect has agreed to meet Trump on the sidelines of G-20 Summit in Japan next month, reports have confirmed. Modi's appointment as the Prime Minister of India's new government last week.

Contenders to be next United Kingdom leader divided over no-deal Brexit
Neither favors extending that date in order to carry out fresh negotiations with the other 27 European Union member States. A majority of members of Parliament are against no-deal (the split was 160 MPs vs 400 in a vote on March 27).

OnePlus 7 Pro gets first post-launch update to address some issues
XDA Developer's Marchena also published a video wherein the phone was randomly processing taps while using the Reddit app as well. OnePlus did not have enough stock prepared, and did not anticipate the phone to be this successful in the home market.