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U.S. blacklists China's Huawei as trade dispute clouds global outlook

Credit: Wochit News
Published on May 16, 2019 - Duration: 00:31s

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 β€œprevent American technology from being used by foreign owned entities in ways that potentially undermine U.S.

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U.S. blacklists China's Huawei as trade dispute clouds global outlook

A JULY 16, 2018, FILE PHOTO DEC.

18, 2018, FILE PHOTO

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