Around 80% of USA rare earths imports is supplied by China. The US Department of Justice brought a lawsuit in January charging Huawei with fraud and the theft of trade secrets that is now makings its way through the courts as the US-China trade war continues unabated. "Fight, and we will fight to the end", Kang said.
The move appears to be direct retaliation for Huawei's placement on the US Commerce Department "Entity List" that effectively bans the sale of Huawei products in the US, though the Chinese tech giant was not mentioned specifically.
Taiwanese electronics manufacturer Hon Hai Precision Industry, which does business as Foxconn Technology Group, has scaled down production of Huawei phones in the wake of the United States' decision to ban products from the Chinese smartphone company, the South China Morning Post reported, citing people familiar with the matter.
The countries have exchanged tariffs on US$360 billion in two-way trade so far.
"Now that China has established a list of unreliable entities, the investigation into FedEx will be a warning to other foreign companies and individuals that violate Chinese laws and regulations", China Central Television said in a commentary read on its flagship evening news program.
The Chinese Ministry of Commerce on Friday said it would release its own list of "unreliable entities" that break their commercial contracts and stop supplying Chinese firms.
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Sources with knowledge of Huawei's supply chain were unclear on whether the drop in orders was temporary or a more permanent measure, the report said.
"As the new situation has emerged, it is too early to say whether we are able to achieve the goal", Zhao Ming, president of Honour, a Huawei smartphone brand, told reporters.
China will be investigating FedEx and whether it took actions that damaged the 'legitimate rights and interests of [its] Chinese clients'.
The Chinese tariffs took effect on Saturday.
Song Liuping (L), chief legal officer of Chinese tech giant Huawei, and Vincent Pang (R), Head of Corporate Communications of Chinese tech giant Huawei, attend a press conference at the Huawei facilities in Shenzhen, Guangdong province on May 29, 2019.