It looks like you're new here. If you want to get involved, click one of these buttons!
Donald Trump has signed an executive order declaring a national emergency and barring US companies from using telecommunications equipment made by firms officials say pose a national security risk, paving the way for a ban on doing business with China’s Huawei Technologies Co.
The executive order invokes the International Emergency Economic Powers Act, which gives the president the authority to regulate commerce in response to a national emergency that threatens the US.
The order does not specifically name any country or company, but US officials have previously labeled Huawei a “threat” and lobbied allies not to use Huawei network equipment in next-generation 5G networks.
The executive order comes at a delicate time in relations between China and the US as the world’s two largest economies ratchet up tariffs in a battle over what US officials call China’s unfair trade practices.
Talks between Washington and Beijing have come grinding to a halt in recent days, ratcheting up volatility amid fears of a global trade war.
Washington believes equipment made by Huawei could be used by the Chinese state to spy. Huawei has vehemently denied the allegations.
Huawei did not immediately comment on Trump’s executive order.
The Federal Communications Commission chairman, Ajit Pai, who has called Huawei a threat to US security, said on Wednesday: “Given the threats presented by certain foreign companies’ equipment and services, this is a significant step toward securing America’s networks.”
© 2015 Mutual Fund Observer. All rights reserved.
© 2015 Mutual Fund Observer. All rights reserved. Powered by Vanilla
Comments
This stuff is well within my professional wheelhouse: There's no need for a national declaration on this unless one is hungry for PR optics that show him 'strongly' doing something to pressure China. Oh, wait....
Of course, we could also have Boeing's software team vet the Huawei software and give it a clean bill of health... what could possibly go wrong?
I see one reason for banning Huawei from the states is if the gov wanted in the backdoor just as China has in the past, on Huawei's equipment - lets say looking for a mad bomber - Huawei could tell the US gov to go pound sand. No legal control !!
I agree ... what I'm saying is that he can ban anything from import w/o necessarily declaring a 'national emergency.'
Rationally-derived opinions and/or facts can be restated freely on threads you control. Meaning, I still like you.
Regards,
Ted
https://cdn.shopify.com/s/files/1/1427/9954/products/Official-Donald-trump-Make-America-Great-Again-Hat---Red---Crop_900x900.jpg?v=1513056385
https://www.foxnews.com/politics/pennsylvania-poll-biden-tops-trump-by-double-digits
2020 walk in park for our beloved sleepy huggie uncle Joe stomping over trump... Can't wait until Nov 2020. Everyone really love and cherish him the greatest yrs that he and Obama had 2008 until 2016