China’s foreign ministry said on Saturday the United States needed to stop the “unreasonable suppression” of Chinese companies like Huawei.
The Trump administration on Friday moved to block global chip supplies to blacklisted telecoms equipment giant Huawei Technologies, spurring fears of Chinese retaliation and hammering shares of U.S. producers of chipmaking equipment.
China will firmly defend its companies’ legal rights, the foreign ministry said in a statement in response to Reuters’ questions on whether Beijing would take retaliatory measures against the United States.
The House of Representatives passed a $3 trillion coronavirus relief package Friday, which would provide another round of stimulus checks to millions of eligible Americans and extend expanded unemployment benefits, among other provisions.
The Health and Economic Recovery Omnibus Emergency Solutions, or HEROES, Act, clocks in at over 1,800 pages and could provide some additional economic relief at a time when almost 37 million Americans have lost their jobs and many others are facing reduced hours and the loss of health insurance.
The bill includes a provision for another round of stimulus checks, or economic impact payments, of up to $6,000 per household. They would be structured similarly to the first round: Individuals earning up to $75,000 would get a one-time $1,200 check, and couples earning up to $150,000 would be eligible for $2,400.
There are a few key differences from the first round, though. For one, a maximum of three dependents, regardless of age, would also get $1,200. The first round of stimulus checks excluded adult dependents, including many college students. Additionally, immigrants with taxpayer identification numbers (TINs) would also be eligible for a payment this time around.
For the 30-million-plus Americans who’ve filed unemployment claims over the past two months, the HEROES Act would extend the measures from the first stimulus package, including extending the extra $600 weekly federal unemployment benefit through January 2021. Gig workers, independent contractors, part-time workers and the self-employed will also be able to take advantage of unemployment benefits through March 2021.