Trump's Huawei ban escalates the US-China trade war into a tech Cold War

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 73 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 33%
  • Publisher: 51%

Business Business Headlines News

Business Business Latest News,Business Business Headlines

The Huawei ban is an escalation far more serious than anything we've seen in the US-China trade war US lopezlinette

that without US suppliers, Huawei would be unable to conduct even routine maintenance and hardware replacement.

Given the severity of the action, the implications of the Huawei situation are much more far reaching than Trump's tariffs on Chinese goods. In cutting off Huawei's supplies, the Trump administration is directly attacking a company tied to the Chinese government.would put a ban on selling technology to any Chinese company that violates US sanctions by doing businesses in countries like North Korea or Iran.

There's also a bill sitting in the Senate Judiciary Committee called the China Technology Transfer Control Act. It would put all core technologies developed through China's 'Made in China 2025' technology push on the'Made in China 2025' is meant to be the next phase in the China's plan to evolve it's economy into a major player in the global tech market. The China Technology Transfer Control Act would put a wrench in those plans.

We know that Huawei makes phones and other telecommunications technology. We also know that the Department of Justice charged Huawei for attempting to steal technology from a US company , and violating US sanctions to do business with Iran. We also know that we know next to nothing about who really controls the company aside from the founder Ren Zhengfei.

After going to university, Ren joined the People's Liberation Army and developed technology for them. He left the army in 1982 and founded Huawei in 1987. His daughter, currently

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

lopezlinette This is really a big step by Trump.

lopezlinette Trump is carefully protecting the US network infrastructure and technological capability from Chinese infiltration and acquisition. That's great. The US and China are in a slow war and hopefully always will be.

lopezlinette China has got no other option, then, who buys China products

lopezlinette It’s a necessary step. Either China changes or it has to be locked out. realDonaldTrump is right.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Trump signs order setting stage to ban Huawei from U.S.President Trump’s executive order declares a national emergency allowing the government to block the purchase of tech linked to foreign adversaries SMH Why doesn’t he do anything about that other adversary, Russia 🇷🇺?
Source: politico - 🏆 381. / 59 Read more »

Trump bans Huawei in U.S. markets, saying Chinese firm poses security threatWith trade talks at an impasse, Trump issues an executive order blocking U.S. companies from using products made by Huawei and other Chinese telecom firms. Read more about the man behind Huawei and how the Chinese company grew to become the world's biggest seller of telecommunications equipment. most definately abuse of power ! he is already a dictator ! Apparently GOP Has Found Something The Market Can't Handle, Competition! BlackLivesMatter Indivisible
Source: latimes - 🏆 11. / 82 Read more »

Trump order sets stage to ban China's Huawei from USUS President Donald Trump declares a national emergency to bar US companies from using foreign telecoms equipment deemed a security risk –– a move that appears to target Chinese giant Huawei.
Source: trtworld - 🏆 101. / 63 Read more »

Trump declares national emergency over threats against US technology amid campaign against HuaweiThe move, done via executive order, is expected to precede a ban on U.S. firms doing business with the Chinese telecommunications company Huawei. Good. CNBC is aware that the chips Huawei creates are used to directly spy on their own population, foreign networks, right?
Source: NBCNews - 🏆 10. / 86 Read more »

European stocks dip as U.S. sanctions on Huawei add to trade anxietyEuropean shares retreated on Thursday after Washington blacklisted Chinese telec... 647_416 I would be happy to exclude France from intelligence sharing.
Source: Reuters - 🏆 2. / 97 Read more »