Trump’s Huawei ban spooks allies, industry

Story Continued Belowannounced this week aimed to ramp up pressure on U.S. allies to shun the Chinese telecom giant, none of them are so far rushing to follow Washington's lead.

Across the Channel in the United Kingdom, Prime Minister Theresa May struck a cautious note, reiterating that the U.K. had yet to take a final decision on what restrictions to apply to Huawei and other Chinese firms. “We are reviewing the right policy approach for 5G and when an announcement is ready, the culture secretary will update parliament,” May's spokesperson said.

The European Commission, which unveiled a strategy for dealing with 5G security in March, is coordinating aof security procedures, and has asked countries to finalize their risk assessments by end-June and submit them to the EU executive by mid-July. Huawei's 2018 figures across its consumer and enterprise activities show the Americas makes up just 7 percent of the company's revenue. The U.S. chunk of that, according to company insiders, is just a couple of percent. Europe, the Middle East and Africa accounts for 28 percent, of which between 10 and 15 percent is in Europe, more than half for the domestic market in China and 11 percent for the Asia-Pacific region.

Trump's ban on chip sales to Huawei and ZTE is so restrictive that it could delay the roll out of 5G globally-especially in China and Europe

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

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

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 »

Blacklist mess: Huawei's $105 billion business at stake after U.S. broadsideThe latest U.S. broadside against Huawei that puts the Chinese firm on an export... Don’t worry, Huawei spend many years to prepare for this day. Come on, you know the “ban” won’t be taken in effect because he using it to “make a deal”. He’s losing the trade war and needs some leverage in win. U.S. should take reciprocal approach. China has already forbidden Google/Facebook/YouTube/Twitter. Next let kick Alibaba out of this country.
Source: Reuters - 🏆 2. / 97 Read more »

European stocks set to open lower as trade fears lingerEuropean stocks are set to open lower Friday as markets monitor the trade war, amid the U.S. administration's bid to blacklist Chinese telecoms giant Huawei and the ruling Chinese Communist Party's newspaper striking a defiant tone. if you check 3d graph they all seem to be moving higher. Open might be lower but we probably bounce. happy_friday
Source: CNBC - 🏆 12. / 72 Read more »