News

China’s Huawei, 70 affiliates placed on U.S. trade blacklist

huawei

WASHINGTON/NEW YORK (Reuters) – The U.S. Commerce Department said on Wednesday it is adding Huawei Technologies Co Ltd and 70 affiliates to its so-called “Entity List” – a move that bans the telecom giant from buying parts and components from U.S. companies without U.S. government approval.

U.S. officials told Reuters the decision would also make it difficult if not impossible for Huawei, the largest telecommunications equipment producer in the world, to sell some products because of its reliance on U.S. suppliers.

Newsletter sign up

Under the order that will take effect in the coming days, Huawei will need a U.S. government license to buy American technology. Huawei did not immediately comment.

Commerce Secretary Wilbur Ross said in a statement President Donald Trump backed the decision that will “prevent American technology from being used by foreign owned entities in ways that potentially undermine U.S. national security or foreign policy interests.”

The dramatic move comes as the Trump administration has aggressively lobbied other countries not to use Huawei equipment in next-generation 5G networks and comes just days after the Trump administration imposed new tariffs on Chinese goods amid an escalating trade war.

Read More

Are you enjoying the article? Join our community for even more!

 

Click Here

Related posts

China, US open trade talks as Beijing says exports rebound

admin

Boeing unveils unmanned combat jet developed in Australia

Camila Coutinho

Japan Says U.S. Won’t Hike Car Tariffs During Trade Deal Talks

admin

Leave a Comment