Huawei Technologies expects US export restrictions to reduce annual revenue at its consumer devices business by about $10-billion.
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The US will extend for another 90 days a narrow set of exemptions that had protected rural networks and other US customers from a ban on doing business with China’s Huawei Technologies.
The relationship between Donald Trump and the largest US technology companies has often been frosty but a common opponent – France’s plan to tax US tech giants – will bring the two sides together, at least temporarily.
Trump pushed back on media reports this weekend that the US commerce department is poised, as soon as Monday, to renew Huawei Technologies’ temporary general licence to buy supplies for the US.
US President Donald Trump said Apple CEO Tim Cook voiced concerns about Samsung Electronics getting an edge because its products, unlike Apple’s, won’t be subject to tariffs when imported by the US.
The decades-old supply chain is starting to split in two: one beyond China’s borders that serves American concerns, and another within the world’s most populous country that caters to local consumers.
US President Donald Trump is forcing Huawei – the world’s second biggest smartphone maker – to build a rival operating system to America’s Google.
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The escalating trade war between the US and China is nudging the world economy toward its first recession in a decade with investors demanding politicians and central bankers act fast to change course.