(Bloomberg) — Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here. China signaled it would hit back after the Trump administration placed eight of the country’s technology giants on a blacklist over alleged human rights violations against Muslim minorities. Asked Tuesday whether China would retaliate over the blacklist, foreign ministry spokesman Geng Shuang told reporters “stay tuned.” He also denied that the government abused human rights in the far west region of Xinjiang. “We urge the U.S. side to immediately correct its mistake, withdraw the relevant decision and stop interfering in China’s internal affairs,” Geng said in Beijing. “China will continue to take firm and forceful measures to resolutely safeguard national sovereignty, security and development interests.” The Trump administration’s move, which was announced after U.S. markets closed, came on the same day negotiators from the two sides began working-level preparations for high-level talks due to begin Thursday in Washington. A U.S. Commerce Department spokesman said the “action is unrelated to the trade negotiations,” and China confirmed Vice Premier Liu He would lead the delegation as planned. U.S. equity-index futures fell, reversing an earlier gain, while European stocks slipped to snap a… Read full this story
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