Beijing to create blacklist of foreign firms
China yesterday said it would release a blacklist of “unreliable” foreign companies and individuals, hitting back after the United States targeted telecom giant Huawei in their escalating trade war.
The announcement was made a day before Beijing is due to increase tariffs on $60 billion in US goods, capping a week marked by rising Chinese threats of retaliation after President Donald Trump blacklisted Huawei. A 90-day reprieve was later issued.
China’s commerce ministry spokesman Gao Feng said the list will include “foreign enterprises, organisations or individuals that do not comply with market rules, deviate from a contract’s spirit or impose blockades or stop supplies to Chinese enterprises for non-commercial purposes, and seriously damage the legitimate rights and interests of Chinese enterprises”.
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