Chinese tech giant Huawei has become a high-value target in the US-China trade war. But who will be harmed the most?
President Donald Trump issued an executive order on Wednesday barring US companies from using information and communication technology made or controlled by firms that pose a national security risk, and declaring a national emergency on the matter.
While the order didn’t mention any countries or companies in particular, it’s clearly aimed at China. More specifically, many are arguing, it’s aimed at Huawei, the Chinese telecoms and smartphone manufacturing giant.
The US government, along with several other nations, has long suspected that Huawei is using its 5G broadband network to spy on behalf of the Chinese government. Last month, the Times of London reported that the CIA has evidence that Huawei “has received funding from branches of Beijing’s state security apparatus” and shared that information with the UK to pressure its ally not to adopt Huawei’s 5G network.
“The President has made it clear that this Administration will do what it takes to keep America safe and prosperous, and to protect America from foreign adversaries who are actively and increasingly creating and exploiting vulnerabilities in information and communications technology infrastructure and services,” the White House said in a statement.
Huawei has vehemently denied the spying accusations. Its CEO even recently stated that the firm was willing to sign “no-spy” agreements with foreign governments such as the UK to ease concerns and open up business.
But those promises weren’t enough to stop the Trump administration from taking major steps that will limit business with Huawei over security concerns.
Separately from the executive order, the US Commerce Department placed the company and 70 of its affiliates on a trade blacklist, requiring Huawei to seek prior approval …read more
Source:: Vox – All