US blacklists China's Huawei as trade dispute clouds global outlook

Credit: Zee News- Published 2 weeks ago
The Commerce Department said it was adding Huawei Technologies Co Ltd and 70 affiliates to its "Entity List" - a move that bans the company from acquiring components and technology from US firms without government approval.

Credit: Wochit News
Published 2 weeks ago -  00:31
U.S. blacklists China's Huawei as trade dispute clouds global outlook
On Wednesday the Trump administration hit Chinese telecoms giant Huawei with severe sanctions, adding a new incendiary element to the U.S.-China trade dispute just as Treasury Secretary Steven Mnuchin said he would visit China soon for more talks. Reuter reports that Secretary Wilbur Ross said in a statement President Donald Trump backed the decision to “prevent American technology from being used by foreign owned entities in ways that potentially undermine U.S.

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