US Blacklists Huawei: Reuters
The US president signed an executive order US firms from using telecommunications equipment made by firms deemed to pose a national security threat and placed Huawei and 70 affiliates on an exports blacklist. The moves could disrupt Huawei’s march toward 5G technology and “likely ban the firm from acquiring U.S. components and technology without government approval,” reports Reuters. The firm denies US allegations that Beijing uses sold Huawei products for surveillance. Firms that supply Huawei, including Qualcomm or Intel in the US, expect to lose business, and China could retaliate against US technology firms like Apple. European and Asian nations that rely on Huawei telecommunications technology could encounter disruptions. China’s companies prepared for trade antagonism after the US placed sanctions on ZTE by stockpiling and reducing reliance on imports. – YaleGlobal
US Blacklists Huawei: Reuters
The US place Huawei, the world’s top telecommunications supplier, and 70 affiliates on an exports blacklist – putting $105 billion in business at risk
Thursday, May 16, 2019
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