The trade war between the U.S. and China may be slated to become far more damaging soon. Following the announcement of new rules by the Trump administration that effectively prevent non-U.S. chipmakers — like Taiwan-based TSMC — from supplying Huawei, China is considering retaliatory measures against U.S. companies in response.
The Global Times reports that the Chinese government is considering a range of legal measures targeting U.S. companies, including launching investigations into them or otherwise restricting their ability to operate in the country.
The report specifically lists the possibility of using laws like the Cybersecurity Review Measures and Anti-monopoly Law to target Apple, Cisco, and Qualcomm. At the same time, the country may also choose to stop purchasing Boeing planes for the foreseeable future to put the hurt on U.S. companies.
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