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.

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.

“We will closely monitor relevant developments and prepare necessary responses,” he said, without elaborating.

The United States has accused Huawei of working for the Chinese government and engaging in activities contrary to national security, accusations Huawei denies.

The Trump administration softened its stance slightly this week by granting the firm a license to buy U.S. goods until Aug. 19 to minimize disruption for customers.

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