temporarily eased some trade restrictions
imposed on China's Huawei last week. The move sought to minimize disruption for the telecom company's customers around the world. The U.S. Commerce Department said it would allow Huawei Technologies to purchase American-made goods in order to maintain existing networks and provide software updates to existing Huawei handsets until August 19.
The temporary easing of trade restrictions won some respite with market participants ahead of Tuesday's opening bell. However, an increasingly fraught atmosphere between Washington and Beijing has continued to keep financial markets on edge, with investors abandoning any hopes of an early resolution to the protracted trade dispute.
On the data front, the Philadelphia Fed non-manufacturing survey for May is set to come out at around 8:30 a.m. ET, followed by existing home sales figures for April at around 10:00 a.m. ET.
Leader Trump is crushing the ecomony!
Huawei is presently trying to get Europe to buy its 5 G Technology as opposed to the US Qualcomm. Trump’s trade tariffs & dishing on Europe may have given the huge contract to a Chinese company that sells more phones then Apple. Trump dishes Europe but use Deutsche Bank .2020.
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Trump's Huawei ban escalates the US-China trade war into a tech Cold WarThe Huawei ban shows Trump is trying to cripple Chinese companies around the world not just in the US. The trade war is small compared to that. 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. 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.
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Huawei founder says U.S. government is underestimating company: state mediaThe U.S. government's temporary easing of trade restrictions on Huawei Tech... If they are underestimating Huawei, then it may be more dangerous than first thought. Huawei. You have a company because u steal from other companies you hack and have stolen from US and UK 🇬🇧 You work for a government that kills people who disagree and then disappear. Don’t ever underestimate us We have talent No need to steal Why are you stealing and using other companies product if you are capable of making your own..?
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