Huawei says Trump's ban is in no one's interest

Trump signs executive order clearing the way to ban Huawei from U.S. networks

The executive order applies to future transactions only.

In a different move, President Donald Trump signed an executive order on Wednesday barring American companies from using telecommunications equipment made by firms labeled as security risks.

"Unless handled carefully, this situation is likely to place US and Chinese companies at new risk", the report said.

Huawei is the world's largest manufacturer of telecommunications equipment.

The restrictions "will not make the USA more secure or stronger", the company said.

If Huawei "can't get the widget or the part or the software update to keep functioning, then those systems go down", he said.

Huawei now claims to have almost 190,000 employees, operates in 170 countries, and reported revenue of more than US$100 billion in 2018. Credit: Joy Dantong Ma. Huawei, which has repeatedly denied such allegations, did not immediately comment on the executive order.

In Thailand, Huawei has already launched a 5G test project.

But U.S. Commerce Secretary Wilbur Ross insisted his department's actions were unrelated to the trade war, telling Bloomberg that it was instead part of "an enforcement action" brought forth by the agency's Bureau of Industry and Security.

MF: You talked about Huawei becoming successful in recent years.

Realme to launch 5G smartphone with Snapdragon 855 SoC later in 2019
It adds a special optimization at the system level, application level, and especially the gaming experience is much improved. Coming to Realme X India launch, Realme CEO Madhav Seth is already arranged a special media meeting in Beijing, China.

Still, Purdy said the company remained open to discussions with administration officials, to address security concerns that have been at the center of Washington's ongoing fight with Huawei. "That's what I would call a pretty contained issue for Apple".

"First, it is not the best way to defend your national security - we don't need it". In the past, CFIUS as the governing body of global inbound investments, they looked closely at deals that could pose national security threats, meaning the stuff you are investing into is too close to a military base or the company you are trying to acquire is a defense contractor.

Moreover, as well as providing fast networking for consumer technologies, 5G applications in the industrial sector are being developed.

This move is going to directly affect the Chinese trade.

"There is time for the United Kingdom reconsider the Huawei decision", said Sir Richard Dearlove in a report by the Henry Jackson Society. Now Trump is taking a much tougher line against Huawei. Trump said last month that he would end preferential trade treatment for India, which would result in USA tariffs on up to $5.6 billion of imports from India. NeoPhotonics, one of those vendors, derived 46% of its revenues from sales to Huawei past year, according to Michael Genovese, an equity analyst with MKM Partners.

As negotiations towards resolving the trade war stalled last week, the United States ramped up the pressure by raising tariffs on a list of $200 billion worth of Chinese imports to 25% from 10%, prompting China to retaliate with higher duties on a revised list of $60 billion worth of US products.

The Huawei issue cuts to the heart of tensions between security and economic interests when it comes to China and Chinese influence.

The EU imposed import duties of 25% on a $2.8 billion range of imports from the United States in retaliation for USA tariffs on European steel and aluminum.

It's not just hardware from U.S. companies - including Qualcomm, Intel, and Micron - that Huawei needs and the government would have to approve, but anything else coming from the United States, including software. Under export regulations, U.S. companies can not ship certain products to organizations named on this list unless they obtain a special license. But let's not forget the fact that strategic competition between U.S. and China is a reality now.

Ultimately, however, even if the United States and China do resolve their trade war, the battle for economic and tech supremacy between the world's two largest economies will drag on.


  • Trump Declares National Emergency, Attacks Blockchain-Friendly Huawei

    Trump Declares National Emergency, Attacks Blockchain-Friendly Huawei

    The US would be limited to "inferior, yet more expensive alternatives", which would hurt companies and consumers, it added. A woman stands at the booth of Huawei featuring 5G technology at the PT Expo in Beijing , China September 28, 2018.
    Republicans asked about abortion ban: Run away!

    Republicans asked about abortion ban: Run away!

    Could it result in a return to unsafe, backstreet abortions of the kind that were performed before Roe v. But let's say it does take it, and that those judges also follow precedent and strike down the law.

    Could the oil Industry in India See Higher Profits?

    One of the issues for Indian oil companies is their requirement to sell below market to subsidize prices in their home country. The US pulled out of the agreement earlier this year as President Trump claimed he was looking for a better deal.
  • Record start for Koepka

    Record start for Koepka

    Considering Koepka's record in the majors - three wins and a runner-up in his last seven majors - this felt shorter. Woods double-bogeyed his first hole Thursday and was at the same two-over 17 holes later.
    Nine Champions League finalists included in — UEFA Nations League

    Nine Champions League finalists included in — UEFA Nations League

    Southgate named a 27-strong initial squad on Thursday with the first group of players due to report to St. Nathan Redmond was the only surprise inclusion.
    Autopilot in use before Tesla hit semi

    Autopilot in use before Tesla hit semi

    Neither Brown nor the vehicle braked for a tractor-trailer, which had turned left in front of the Tesla and was crossing its path. Tesla said in a statement that after the driver engaged the system he "immediately removed his hands from the wheel".
  • Iran slams U.S.  sanctions as crisis mounts

    Iran slams U.S. sanctions as crisis mounts

    President Trump and Swiss President Ueli Maurer are meeting at the White House on Thursday, as tensions with Iran mount. Last week, Iran notified the five remaining signatories that it would reduce some commitments under the accord.
    Aaron Rodgers latest celeb to make ‘Game of Thrones’ cameo

    Aaron Rodgers latest celeb to make ‘Game of Thrones’ cameo

    Rodgers appearance in the GOT episode titled, The Bells , did not last long before he was consumed in a storm of dragon fire. Viewers focusing on the drama and action of Sunday's Game of Thrones episode may have missed a certain MVP cameo.
    Russia not 'fire brigade' to save Iran deal, says Putin

    Russia not 'fire brigade' to save Iran deal, says Putin

    The move was reportedly a response to Tehran's alleged plans to carry out attacks on U.S. forces and allies in the Middle East. He later called on "every country that's interfering in Venezuela to cease doing that".
  • Chelsea Manning sent back to jail for refusing to testify

    Chelsea Manning sent back to jail for refusing to testify

    She has already served seven years of a 35-year sentence in a military prison, including a year in solitary confinement. Manning's latest confinement will persist until she complies with the subpoena or until the grand jury expires, U.S.
    What helps prevent dementia? Try exercise, not vitamin pills

    What helps prevent dementia? Try exercise, not vitamin pills

    Dementia is a persistent impairment of mental process marked by memory disorder, personality changes, and impaired reasoning. Dementia results from a variety of diseases and injuries that affect the brain, such as Alzheimer disease or stroke.


Latest news

In landmark first for Asia, Taiwan’s parliament approves same-sex marriage
Today, we have a chance to make history and show the world that progressive values can take root in an East Asian society. President Tsai Ing-wen hailed the vote as a "big step towards true equality" that "made Taiwan a better country".

Bella Hadid Has a Wow Moment on Cannes Red Carpet!
Earlier this month, she made the heads turn in her OTT look at the Metropolitan Museum of Arts Gala 2019. Her accessories were limited to statement earrings , while her hair was left simple in loose curls.

Two die in plane crash at Dubai airport
An investigation team from the GCAA arrived at the scene of the crash and will continue the investigation, the GCAA said. The aircraft was on a mission to calibrate terrestrial navigation systems at the airport, the statement said .

China formally arrests 2 Canadians in case linked to Huawei
Public Safety Minister Ralph Goodale said Canadians thinking of travelling to China should consult with Global Affairs Canada. Meng, 47, is the daughter of Huawei Technologies Co Ltd's billionaire founder, Ren Zhengfei.

The internet pays tribute to Grumpy Cat
Some rankings estimate Grumpy Cat made $100 million from her film, media appearances, sponsorship deals and merchandise sales. The internet meme sensation, who has over 12 million followers on social media, has died at the age of 7.

Missing Chicago teen who was 9 months pregnant found dead, baby removed
About 12.10am on Wednesday (May 15), the medical examiner's office was notified of a body that had been found. Piotr Bobak , Clarisa Figueroa's boyfriend, was charged with concealment of a homicide, police said.

Rihanna Slams Alabama Governor for Abortion Ban
These laws, wrote Warren, would "preempt state efforts that functionally limit access to reproductive health care". Doctors who perform abortions after eight weeks would face up to 15 years in prison.

Prince Harry Awarded 'Substantial Damages' Over Home Photos
It lists the mother's name as "Rachel Meghan Her Royal Highness The Duchess of Sussex ". As for how the couple will be as parents, Daniel didn't hold back there, either.

Cardinals CB Patrick Peterson Suspended 6 Games For 2019 Season
If there's any silver lining to this, it's that there's a good chance Arizona has planned for Peterson's absence. Peterson will not appeal the suspension, which reportedly dropped the punishment from eight to six games .

Washington orders some US government employees to leave Iraq
Saudi security chiefs said armed drones attacked two oil pumping stations in the kingdom but did not disrupt output or exports. Even Gulf Arab states that openly oppose Iran, such as Saudi Arabia and the United Arab Emirates, seem cautious this week.

Google warns Titan Security Key has Bluetooth bug that leaves it vulnerable
If you don't do that and own a phone that'll pick-up the June security patch next month, your phone will automatically unpair it. To check whether your device needs to be replaced, look for a letter and number combo on the back of the key near the bottom.

Frank Lampard mocks Leeds fans by singing 'stop crying Frank Lampard' song
I've heard a lot of people saying I'm crying about Spygate. Frank Lampard leads the Derby celebrations at Elland Road. And the Leeds fans chanted at Lampard about 'spygate'.

Walmart Offering Next Day Shipping to Customers
This means the order ships in one box, or as few as possible, and it travels a shorter distance via low-cost ground shipping. Two years ago, Walmart began offering free two-day shipping on millions of items on its website for orders of at least $35.

American justice system 'largely evil', says Conrad Black after Trump's pardon
Nolan has been a vocal advocate for criminal justice reform since he spent more than two years in federal prison during the 1990s. He eventually spent three-and-a-half years in prison, and was deported from the United States.

Super Mario Maker 2 Has A Story Mode And Much More
When the game was revealed in February they teased that levels from the Wii U and Switch Mario titles will be available. The custom scroll addition lets users customize the scroll in a scrolling course, including speed and trajectory.

Other news