Huawei executive says China will retaliate if U.S. changes foreign product rule

The Chinese government will have no choice but to retaliate against the U.S. if the Trump administration chooses to change its foreign product rule to restrict the world’s leading chipmaker from doing business with Huawei, an executive for the Shenzhen-based company said this week.

The administration has been considering changing its foreign direct product rule in a way that could force the Taiwan Semiconductor Manufacturing Company to choose between supplying the U.S. market or Huawei, the world’s largest telecommunications equipment...