China says U.S. needs to fix 'wrong actions' as Huawei ban rattles supply chains

China said the United States needs to correct its "wrong actions" in order for trade talks to continue after it blacklisted Huawei, a blow that has rippled through global supply chains and battered technology shares. Japanese conglomerate Panasonic Corp joined a growing list of global companies that is disengaging from Huawei Technologies Co Ltd, the world's second-largest seller of smartphones and the largest telecom-gear maker, saying it had stopped shipments of some components. Its move came a day after British chip designer ARM said it had halted relations with Huawei to comply with the U.S. supply blockade, potentially crippling the Chinese firm's ability to make new chips for smartphones.

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