Beijing will stop trading with all companies boycotting Google, Infineon or Qualcomm Huawei according to Chinese media
According to the Chinese side “Money China” Beijing will stop trading with all companies that boycott such as Google, Infineon or Qualcomm Huawei because the US has blacklisted the Chinese tech giant!
CHINA WILL SUSPEND BUSINESS WITH ALL SUPPLIERS WHO AGREED TO HALT SUPPLYING HUAWEI— First Squawk (@FirstSquawk) 20. Mai 2019
But China itself seems to be preparing further retaliatory measures according to the motto: wait and see, then you will see what will come:
What can Beijing do? It would be logical to retaliate according to the motto “tit for tat”, i.e. 1:1: you attack Huawei then we attack your leading smartphone group Apple. It would be conceivable to stop the export of iPhones so that no more iPhones can reach the western hemisphere that are produced in mainland China (including compensation for Foxconn employees) – that would be a hard shock for Wall Street. And especially for the Apple share!