FILE PHOTO: A Huawei company logo is pictured at the Shenzhen International Airport in Shenzhen, Guangdong province, China July 22, 2019. REUTERS/Aly Song/File Photo

BEIJING/HONG KONG (Reuters) – China’s foreign ministry said on Saturday the United States needed to stop the “unreasonable suppression” of Chinese companies like Huawei.

The Trump administration on Friday moved to block global chip supplies to blacklisted telecoms equipment giant Huawei Technologies, spurring fears of Chinese retaliation and hammering shares of U.S. producers of chipmaking equipment.

China will firmly defend its companies’ legal rights, the foreign ministry said in a statement in response to Reuters’ questions on whether Beijing would take retaliatory measures against the United States.

Reporting by Pei Li and Ryan Woo; Editing by Sam Holmes

You May Also Like

Apple shares hit record after report says the company wants to build self-driving car as soon as 2025

In this article AAPL Apple CEO Tim Cook attends Apple’s “Ted Lasso”…

Obama calls for tech regulation to combat disinformation on social media

Former US President Barack Obama gestures as he speaks at the 2021…

Elon Musk says he confronted Bill Gates about shorting Tesla

CEO of Tesla Elon Musk says he confronted fellow billionaire Bill Gates…

Amazon CEO of Worldwide Consumer Dave Clark resigns

In this article AMZN Dave Clark, Amazon’s senior vice president of worldwide…