US firms in China fear ‘retaliation’ against Huawei curbs: AmCham
A top business lobby group representing American firms in China said they have “real concerns” over how Beijing may respond to US action taken against Huawei.
Speaking to the BBC, AmCham China chairman Tim Stratford said its members were worried about Beijing’s response.
The US recently added Huawei to its “entity list” which puts curbs on its ability to do business in America.
The move has escalated existing trade tensions between the US and China.
Last week the Trump administration added Huawei to the trade blacklist, which bans the Chinese telecoms giant from acquiring technology from US firms without government approval.
Photo credit: Getty Images