US President Donald Trump takes part in a welcoming ceremony with China's President Xi Jinping in Beijing, China, November 9, 2017.
Shares of S&P technology and industrial companies, bellwethers of trade sentiment, fell more than 2% on Thursday as the market slumped in a sign the conflict was being seen as a battle not just over trade but also about who controls global technology. Chief Financial Officer Meng Wanzhou, who is Ren's daughter, was arrested in Canada in December and faces extradition to the United States on charges she conspired to defraud global banks about Huawei's relationship with a company operating in Iran. She and the company deny the charges.
Trump hiked tariffs on $200 billion worth of Chinese goods on May 10 and threatened to slap tariffs of up to 25% on an additional list of Chinese imports worth about $300 billion, prompting China to respond with levies of its own.
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Trump's Huawei ban escalates the US-China trade war into a tech Cold WarThe Huawei ban shows Trump is trying to cripple Chinese companies around the world not just in the US. The trade war is small compared to that. lopezlinette China has got no other option, then, who buys China products lopezlinette It’s a necessary step. Either China changes or it has to be locked out. realDonaldTrump is right. lopezlinette Trump is carefully protecting the US network infrastructure and technological capability from Chinese infiltration and acquisition. That's great. The US and China are in a slow war and hopefully always will be.
Source: BusinessInsider - 🏆 729. / 51 Read more »
U.S., China exchange barbs over Huawei as trade tensions flareThe United States and China had a heated exchange on Thursday, with U.S. Secreta... Big thunder, little rain! The washed-up POTUS driving the country in the wrong direction Bring bins back FortniteGame China will strike tomorrow, before US markets open, after Chinese markets close. Chinese have been prepared for hard times. Let's see how long it takes before Americans start protesting now things are about to get real.
Source: Reuters - 🏆 2. / 97 Read more »
Trump’s Huawei sanctions underscore U.S. dependency on China techWe are about to find out just how heavily U.S. tech firms depend on this banned Chinese manufacturer. China has been disrespecting our nation for decades. Both parties have disgraced The People. Trump admin is doing the RIGHT thing. Even those companies depend on Huawei, they have to change. You cannot allow an evil company existing in the world otherwise one day, all people on this planet will be slaved by Communist Party. The real truth is that the NSA can't snoop on them phones. Imagine everyone had a Huawei phone?
Source: washingtonpost - 🏆 95. / 72 Read more »
China calls out U.S. 'wrong actions' as Huawei ban rattles supply chainsChina said the United States needs to correct its 'wrong actions' for ... it's time for China to cut something... 😎 US doesn't like competition. The apparent spike in CFC-11 production in China underscores the importance of ongoing emissions monitoring . China, crooked to the core!
Source: Reuters - 🏆 2. / 97 Read more »
China says lodged solemn representations with U.S. over HuaweiChina said on Thursday it had lodged solemn representations with the United Stat... It is starting to hurt China. Only 1 week... China blocked Google, Wiki, Facebook, Twitter etc, for so many years. It benefited the government but keeps hurting people - 1.3 billion is hurt and slaved everyday. Don't stop, Trump Administration, destroy the dictators. OK then, Which US companies are banned by China without any explanations: Twitter Google Facebook Instagram YouTube Reddit ... The list is getting longer...
Source: Reuters - 🏆 2. / 97 Read more »
Huawei supply ban roils stocks as U.S. companies begin to cut off China tech giantThe Chinese tech giant won't receive future access to popular apps like Gmail, YouTube and Chrome.
Source: washingtonpost - 🏆 95. / 72 Read more »
U.S. eases restrictions on Huawei; founder says U.S. underestimates Chinese firmThe U.S. government has temporarily eased trade restrictions imposed last week o... Underestimated all that they’ve stolen? Really? 700club cbngordon randpaul realDonaldTrump kennedynation foxnews sandrasmithfox marklevinshow rushlimbaugh danarohrabacher jaysekulow judgenap tedcruz dbongino before the solar flare, I will remember all the good stuff came from China, Japan, Korea etc.... Oh, what a world...if you can't make it don't begrudge everyone who can.
Source: Reuters - 🏆 2. / 97 Read more »
Nike, other U.S. footwear makers plead with Trump to drop China tariffNearly 200 American footwear companies are pleading with President Donald Trump to call off potential 25% tariffs on footwear. Why can't Nike produce a sneaker in the US ? Modern manufacturing techniques surely would secure good profit margins and produce a quality product at an even more competitive price.
Source: MarketWatch - 🏆 3. / 97 Read more »
5 things to know for May 21: Trump, Yemen, US storms, Ford, China & drones5 things for Tuesday: - President Trump - Yemen - Weather - Ford - Drones and China ...annnnnd Democrats do nothing. Maybe more strongly worded letters will do. Smh. Who's lying Comey lynch MAGA TuesdayThoughts ObamaBinSpyin I think you have forgotten the news related to Iran and us china cold war
Source: CNN - 🏆 4. / 95 Read more »
Bannon says killing Huawei more important than trade deal with ChinaDriving Huawei out of the U.S. and Europe is “10 times more important” than a trade deal with China, according to Steve Bannon If we had a media that cared about America, they would explain how important this is. We cannot let China to be in control of our networks and technology. Short term battle with some losses to win the war. Just look to Cisco, they are ahead of the curve and it's not hurting them How does this guy still make news? this idiot isn't right about much, but he's right about this
Source: politico - 🏆 381. / 59 Read more »