The Trump administration is pulling out the big guns in its push to slow China’s rise, with potentially devastating consequences for the rest of the world.
To ban Huawei without levying charges would raise tensions between Washington and Beijing by an order of magnitude greater than anything we’ve seen so far.
US President Donald Trump plans in coming days to sign an executive order that would prohibit American firms from using gear made by foreign telecommunications companies.
Chinese technology and telecommunications stocks were the hardest hit on Monday as two tweets from US President Donald Trump soured the outlook on trade talks and sent global markets plunging.
Chinese technology giant Huawei is launching a US court challenge to a law that labels the company a security risk and would limit its access to the American market for telecommunications equipment.