May 26, 2019

China Lashes Out at US Over Blacklisting Huawei Amid Spiralling Trade Spat

18 May 2019, 04:24 | Glen Norman

Donald Trump executive order appears to target Huawei

Trump takes first step toward U.S. ban on Huawei products

Shares of Huawei's us suppliers fell on fears the Chinese firm would be forced to stop buying American chips, software and other components after the Trump administration banned it from buying USA technology without special approval. The order aims to clamp down on the "unrestricted acquisition or use" of equipment made by "foreign adversaries" by USA technology companies. The company criticized the move as "unreasonable". A year later, increasingly nationalistic rhetoric toward the trade war in Chinese media is a clear signal that Beijing's patience is running out. "But if we don't have access to the customer data, we can't send it back to China".

Asked whether the government would reconsider its stance on Huawei, Prime Minister Theresa May's spokesman said: "As you know, in relation to Huawei, we are reviewing the right policy approach for 5G and when an announcement is ready the culture secretary will update parliament". It will take "necessary measures" to safeguard the interests of the Chinese company, the Chinese foreign ministry said. Ltd. said it will pursue "remedies immediately and find a resolution" in face the threats of a business ban in the United States.

Washington has made it personal, prevailing on Canada to arrest Mr Ren's daughter - Huawei CFO Meng Wanzhou - in Vancouver, and seeking her extradition on charges of evading Iran sanctions.

Following the executive order, the U.S. Department of Commerce declared the addition of Huawei Technologies and its affiliates to the Bureau of Industry and Security (BIS) entity list. Last month, the United Kingdom made a decision to allow Huawei restricted access to its 5G networks, a move first reported by the Daily Telegraph.

Obtaining such approval will not be easy.

Royal baby birth certificate confirms where Meghan Markle gave birth
Archie Harrison Mountbatten-Windsor, who is the seventh-in-line to the British throne, was born on May 6. Harry and Meghan recently moved into their new home before the birth of their first child .

Huawei was the world's third largest purchaser of semiconductors a year ago, accounting for 4.4% of global market share, behind only Samsung Electronics Co Ltd and Apple Inc, according to Gartner, a research firm. It runs research and development bases around the world in an effort to wean itself off of high-end USA components.

But leading analysts downgraded their assessments for several USA microchip companies on Thursday.

In addition to hurting Huawei and other big Chinese firms, this action will also harm big USA technology firms like Qualcomm and Broadcom that do business with companies in that country. Shares of Xilinx closed down 7.3 percent while those of rival chipmaker Qualcomm Inc fell 4 percent.

China retaliated with higher tariffs on a revised list of $60 billion (47 billion pounds) worth of USA products. Earlier this year, President Trump announced a national emergency to help garner funds for the wall on the US-Mexico border.

The company reported first-quarter revenue of $27bn last month and said it had shipped 59 million smartphones in the first quarter.

Ubisoft's Skull & Bones Delayed Again, Skipping E3 2019
But Farren left the studio late previous year , usually a harbinger that there's a massive change in the offing. As far as the other three, triple-A games the company has in the works, it said these will be "revealed later".

The three countries have not yet ratified the new deal.

"There's other things they can do, and M&A would certainly be one thing", said Stacy Rasgon, an analyst with Bernstein.

"The China government doesn't speak for us and we don't speak through the Chinese government".

But Dearlove said since China conducts aggressive intelligence gathering operations on a global scale, and since no part of the Chinese state is ultimately able to operate outside of the control of its Communist Party, "Therefore, we must conclude the engagement of Huawei presents a potential security risk to the United Kingdom".

However, restricting relationships with Huawei, China's largest provider of telecoms equipment, may have a knock-on effect on European and Asian markets as Huawei relies on U.S. components to supply multiple telecommunication carriers around the world.

Pokemon Rumble Rush comes out of nowhere as Nintendo’s next mobile game
In most cases, mobile games get a soft launch in Australia and New Zealand before they gradually open up to the rest of the world. While not a multiplayer title, discovering an island before other players will grant you the ability to name it.

"The tariff hike by the United States will only bring greater difficulties to the consultations", Gao said.

Other News

Trending Now

UEFA Nations League: Nine Champions League finalists included in
However, the latter pair might still be called up to England's U21 squad for the upcoming U21 European Championship. And to try to use the position I'm in to help educate other people".

Philippines withdraws top diplomats from Canada over trash row
A total of 103 container vans containing trash were shipped to Subic and Manila in several batches from 2013 to 2014. Duterte frequently uses coarse language and hyperbole in speeches about opponents.

Third fatal Tesla Autopilot crash renews questions about system
In a statement, a Tesla spokesperson said that the company provided NTSB with the vehicle log data shortly after the crash. Data from the damaged Tesla shows that the car's autopilot system had been engaged 10 seconds prior to the collision.

Trump pardons Conrad Black for 2007 fraud convictions in U.S.
Black had not applied for a pardon from Trump and did not wish to discuss the matter, the magazine Maclean's reported . They include former secretary of state Henry Kissinger, Sir Elton John , Rush Limbaugh , and the late William F.

Uber drivers won't talk to you - if you pay the premium
However, in order to test the new feature, riders will have to select an Uber Black or Uber Black SUV premium ride. Dooring happens when a driver or passenger opens a vehicle door in the path of a bike rider, resulting in a crash.

Pregnant woman slain; baby cut from womb still alive
In Ochoa-Lopez's case, police and family members say she was killed after responding to a Facebook offer of free baby clothes. Chicago Fire Department spokesman Larry Merritt said a woman called 911 reporting that her newborn baby was in distress.

Iran says exercising restraint despite 'unacceptable' escalation of U.S. sanctions
Unnamed U.S. officials told Reuters that Iran encouraged the Houthis or Iraq-based Shi'ite militias to carry out the attacks. The embassy said in a May 15 statement that the order applied to employees both at the embassy and at the U.S.

Conrad Black: Trump pardons ex-media mogul
President Donald Trump has pardoned a media mogul who just so happened to author a book gushing about the Trump presidency. He also penned and op-ed for Canada's National Post , a newspaper he founded in the 1990s, in response to the pardon.

China confirms arrests of Canadians detained amid Huawei spat
They have been accused of harming national security, but were not formally arrested until Thursday. Ms Meng, 47, is the daughter of Huawei Technologies Co Ltd's billionaire founder, Ren Zhengfei.

Brooks Koepka sets the target at Bethpage Black
Tiger Woods, playing in the same group as Koepka, started at 2 over and was trying to make sure he at least made the cut . He bogied four of his first five holes on the back nine and couldn't make up ground.