WASHINGTON/BEIJING - The Trump administration’s decision to sanction and potentially cripple Chinese telecoms giant Huawei Technologies Co Ltd garnered a sharp rebuke on Thursday from Beijing, which warned that the move could damage trade talks.
Huawei said in a statement that losing access to U.S. suppliers “will do significant economic harm to the American companies” and affect “tens of thousands of American jobs.”The U.S. crackdown, announced on Wednesday, was the latest shot fired in an escalating U.S.-China trade war that is rattling financial markets and threatening to derail a slowing global economy.
China’s Foreign Ministry also announced the formal arrest of two Canadian citizens who were detained shortly after Canada arrested Huawei Chief Financial Officer Meng Wanzhou in December. Lawmakers in the U.S. Congress have long feared Huawei’s equipment could be used by the Chinese government to spy on Americans, and the Trump administration’s move has won bipartisan support in Congress.
Warner also expressed concern about how the move would affect small U.S. rural carriers, who have relied on the cheaper Chinese equipment maker. He called a plan to replace the equipment “a potentially multi-billion dollar effort.”Chipmakers Qualcomm Inc and Xilinx Inc were down between 3% to just over 4% on Thursday and were the biggest drags on the Philadelphia SE Semiconductor Index.
Giant Hawei will continue it's progress. It's obvious, for all world countries that the US attacks are base in unsubstantiated claims,
just kinda curious. what tech of 5g US so good about. the biggest and most advanced ICT supplier to the 2/3 of whole market would snitch on u? tell me where is Ericsson and Nokia or Nortel in asia Pacific now? stealing?come and sue then. just funny when talk about stealing
unfair competition & unfair treatment
Banning Huawei will cost US a few more billions in 5G equipments but that worth it...
This is Jake aka Capone. He hates for me to leave him. Capone was a name given him by his mom's owner.
Uhuh.. Basically it's.. Let's us spy on you or no trade deal.. LOL..
China will be hurt far more than America. Nice try at bluffing 🇨🇳
China refuses to negotiate if they are not allowed to continue to steal our technology or infiltrate western telecommuncations systems with its spyware. Must give them credit, the Chinese have a massive set of balls.
Is it just me or is this a reverse engineering of an American patented insignia
Nah really? AmericaFirst Trump2020
That would be an awfully stupid thing to hinge major trade talks on. It's one company.
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