China rips new Trump administration restrictions on Huawei

China rips new Trump administration restrictions on Huawei
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China ripped the Trump administration’s new restrictions on Chinese tech company Huawei on Sunday, saying it will take “all necessary measures” to protect Huawei’s rights and interests, The Associated Press and Reuters reported

The restrictions, announced Friday, require foreign semiconductor makers who use American technology to get a U.S. license to ship Huawei-designed semiconductors to the company. 

An unidentified spokesperson for China's commerce ministry said in a statement that the U.S. restrictions threaten the security of the “global industrial and supply chain.” 

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“The U.S. uses state power, under the so-called excuse of national security, and abuses export control measures to continuously oppress and contain specific enterprises of other countries,” the statement said.

China’s state-run newspaper cited an unidentified source that said the Chinese government would retaliate by beginning investigations and imposing restrictions against U.S. companies such as Apple, Cisco Systems and Qualcomm, according to Reuters. 

Huawei is already on the U.S. Commerce Department's "entity list."

The U.S. gave a 120-day grace period to foreign companies before the rules are implemented. Chip design and manufacturing equipment used in foreign semiconductor plants is mainly made in the U.S., meaning sellers to Huawei are affected by the restrictions. 

Commerce Secretary Wilbur RossWilbur Louis RossOn The Money: US tops 100,000 coronavirus deaths with no end in sight | How lawmaker ties helped shape Fed chairman's COVID-19 response | Tenants fear mass evictions Ross: Trump considering 'whole menu' of options against China on Hong Kong law OVERNIGHT ENERGY: Government predicts busy hurricane season | Report: BLM says oil and gas operators should set their own royalty rates for public lands drilling | Michigan flooding risks damage to hazardous waste sites: report MORE said the U.S. wants to stop Huawei from avoiding earlier sanctions on using American technology to create semiconductors abroad, according to the AP.

American lawmakers have argued that Huawei is a security risk, but the company has denied it.