The world is paying a high price for the technological Cold War between its two greatest powers.
The U.S.-China conflict has already upended the tech industry in both countries, disrupting giant hardware manufacturers, computer-chip designers and even social-media services. Now the broader consequences are becoming clear, as the actions of Beijing and Washington reverberate across rural America, Europe and other corners of the world.
Bearing the brunt of the costs are the telecommunications and semiconductor sectors, where the Trump administration has blocked leading Chinese companies from the U.S. market and restricted exports by American businesses to China. Companies anticipate billions of dollars in potential costs overall, from lost business or from replacing Chinese telecom equipment.
But the effects go far beyond tech companies’ bottom lines. U.S. chip makers worry that the loss of sales to China will mean less money for research and development, making it hard to continue producing the cutting-edge chips that have made the U.S. the global leader in the semiconductor industry. There is also a risk that the conflict will slow the spread of high-speed telecom access throughout Europe and rural America, regions that bought Chinese-made wireless and internet equipment after Washington effectively banned such hardware from major U.S. networks back in 2012. That could leave European companies at a competitive disadvantage internationally in manufacturing, health care, transportation and many other industries that require 5G.
Have to pay it. Using Chinese networks guarantees defeat.
Trumpism and the destruction of a near seven decade of global order of cooperation and interdependence. A precassor of Nationalism and a sure way of Third World War.
The world will better off with the US and China collaborating with each other. Better technology at cheaper prices for everyone. The current Tech cold war makes the world poorer.
The world will pay a much bigger price if China controls all or part of the world’s technical infrastructure.
The world is paying, Pompeo is gaining.
It doesn't look like a war, but an one sided attack by US.
Rocky 4 : Balboa in here i saw two people fighting tonight. I guess its better then 20 Million. If I can change, and you can change. Everybody can change🥰😇
Your point is totally the most favorite of the Chinese Communist Party. The CCP uses cheap prices to attract you into the cage. Your covetousness for the cheap prices will make you lose everything about you, including your freedom, soul and dignity.
fake
Is China one of the greatest powers? Really? Who own the chips?
The U.S. is paying a high price for loosing the technological Cold War between its two greatest powers
History is history of war mongers ove peace lovers? It seems one who believe in force for gain cannot understand except by equal force language? War only brings Imperialists vs imperialists to reason and peace like creation of 'UN Govt'for world peace? Unfortunate but pragmatic?
The free world needs to be awaken by the infiltration n aggression of the communist otherwise end up being controlled more n more by it
Are you sure Communist China is one of the Greatest?The world is reflecting on itself and find a cancer (Communist regime)on its is the world’s anti-cancer guard.
Tech Cold War? Looking from the outside world, it is just the USA that's throwing the stones. The lawless thug!
Poor China. Give it another term — Trump or Biden — and she'll become a boogeyman for everything under the sun. World's going to war? 'China's aggressive'. World's peaceful? 'China's globalist'. China gets teched up? 'China's a threat'. China remains poor? 'hur hur dirt furmers'.
Not really. If the CCP controls 5G globally, the war is over.
China is winning.. their education is way better. Fact. Look at the current American joke in the WH.. 62 plus million voted for that moron. Shows the ignorance in America.
probably it’s the Wall Street big predators loss
Plagiarised and stolen material used to promote Huawei in the U.K. Various crime reference numbers issued in connection with the fraud.
yes，but who to blame?
Huawei can’t be the backbone for obvious reasons....the embarrassment here is, the US GOV and Tel Cos have known this for a decade.....and we still havent 5 G.....5G LTE aint 5G
That high price I believe likes to be addressed as Mr Piper.
Why don’t you mention the benefit this will bring?
That’s why the trade deficit has ballooned
If trade wars could be won, some country would have won one by now. So stupid and wasteful.
Que bueno me agrada ese presidente😅
realDonaldTrump :china against taken right decision so pantastic i like mr.trump donald action ever so beautiful more people are waiti ng for yours.
Telecom companies need to find new avenues and adjust. Stopping the threat of the CCP is far more important. BoycottChina BoycottChineseProducts boycottchineseproduct Qualcomm Apple
It is a very right decision! The lefties made a dictatorship like China to a big technology leader! It should be stopped. Ericsson is a big company in telecom, so there is not a threat for western civilization to ban HUAWEI ! It should be done many years ago
Fuck China and the virus they rode in on.
If American companies are stronger, they say the free market. But when Americaan companies are not the most advanced, they say it's a threatens for national security.
Imagine them having to relocate back to the us, what a drag
Apple phones are the best! 😁😁😛😛😋😋😍😍
But what's the bad news?
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