White House considered kicking Huawei out of US banking system: Sources

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 38 sec. here
  • 2 min. at publisher
  • 📊 Qulity Score:
  • News: 19%
  • Publisher: 66%

Exclusive: White House considered kicking Huawei out of US banking system - sources

Singapore Headlines News

Singapore Latest News, Singapore Headlines

WASHINGTON: The Trump administration considered banning China's Huawei from the U.S. financial system earlier this year as part of a host of policy options to thwart the blacklisted telecoms equipment giant, according to three people familiar with the matter.

Administration officials drafted a memo and held interagency meetings on the issue, according to one of the people, showing the extent to which administration officials mulled deploying the United States' most aggressive sanctioning tool against the Chinese company. Annie Fixler, a cyber expert at the Foundation for Defense of Democracies think tank, said designating the company"would have broad, widespread implications for Huawei across the globe," noting that its business would be"severely impacted" in Europe and in Asia outside of China.

The designation prohibits American companies or citizens from trading or conducting financial transactions with those listed and freezes assets held in the United States.

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:

 /  🏆 6. in SG
 

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

use DAI

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

Huawei plans to shift research center to Canada from US - Globe and MailHuawei Technologies Co Ltd plans to shift its research center to Canada from the United States, Ren Zhengfei, the founder of the Chinese telecoms ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Huawei plans to shift research center to Canada from US: Globe and MailHuawei Technologies Co Ltd plans to shift its research center to Canada from the United States, Ren Zhengfei, the founder of the Chinese telecoms ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Huawei plans to shift research centre to Canada from US: Globe and MailOTTAWA (REUTERS) - Huawei Technologies Co Ltd plans to shift its research centre to Canada from the United States, Mr Ren Zhengfei, the founder of the Chinese telecoms equipment maker, said in an interview with Canada's Globe and Mail.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »

Melania Trump shares a sneak peek of White House holiday decorationsThe US first lady kicked off her plans for Christmas decor all the way back in July. 🎄
Source: YahooSG - 🏆 3. / 71 Read more »

White House says it will not participate in Trump impeachment hearingThe White House told Democratic lawmakers on Sunday that U.S. President Donald Trump and his lawyers would not participate in a congressional ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

White House opens new fronts in trade war, targeting Brazil, Argentina, and FranceWASHINGTON (WASHINGTON POST) - US President Donald Trump revved up his global trade war on two fronts on Monday (Dec 2), announcing tariffs on industrial metals from Brazil and Argentina while eyeing tariffs of up to 100 per cent on dozens of popular French products.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »