5/15/2020, 1:30 PM (Source: TeleTrader)
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China could bar Apple, Cisco, cut Boeing orders - report

Beijing could make an "unreliable entity list" consisted of the United States companies such as Apple, Qualcomm and Cisco, or suspend those companies if Washington blocks tech supply to Huawei, Global Times reported on Friday.

China also stands ready to halt orders to Boeing if the United States President Donald Trump administration maintains its policy toward the Chinese tech giant, the report said.

Earlier today, the US Bureau of Industry and Security adopted a rule under which "Huawei's acquisition of semiconductors that are the direct product of certain US software and technology" will be subject to the US Commerce Ministry authorization. The Shenzhen-headquartered company was granted a 90-day extension of the Temporary General License for operating in the United States this morning.

Breaking the News / GA