Reuters quoted two sources saying that the US Department of Commerce will extend the time for Chinese technology giant Huawei to purchase US corporate products. It is expected to be extended for another 90 days. If the ban is strictly enforced, it will seriously affect Huawei’s supply chain. However, it may also strike against US customers that Huawei is serving and suppliers that supply Huawei. In view of this, the United States proposed a delay in implementation shortly after the ban was issued.
Chinese official media announced on Friday that FedEx’s previous explanation of Huawei’s express shipments to the United States as an “operational failure” has been rejected. According to the report, FedEx was “involved in keeping more than 100 Huawei company parcels” and other illegal activity. This is leading to speculation that the US company may end up on China’s list of “unreliable entities” in the near future.
Monday was another bad day for Chinese tech giant Huawei. The Washington Post dropped a major bombshell on the company regarding alleged (highly-illegal) dealings in North Korea, and Czech Radio added another involving activities in their own country. The news adds fresh and serious doubts about the company’s potential western footprint, and bolster’s Washington’s case that the giant is a threat to American national security and users’ privacy. President Trump met tech CEOs in the White House Monday, partially to discuss what to do about it.
Founder Ren Zhengfei claimed Huawei’s revenue will be $30 billion less than they had forecast over the next two years. His quote compared the largest Chinese telecom giant to a “badly damaged plane” as a result of US government sanctions, bans and actions against them. For instance, just recently Facebook banned Huawei from preloading its apps.
President Donald Trump (R) lifted his tariffs against Mexico and Canada, but is he scaling up on China. So what about cars, steel, aluminium, washing machines, Iran, North Korea, Venezuela, Cuba and Huawei?
Cars: Trump asked for and received a government study on car imports. He was particularly angered last November when General Motors announced that it was closing car assembly plants in Ohio, Michigan and Maryland. Trump has threatened to impose a 25% tariff on imported cars in retaliation for GM’s moves.
Tech giant Google suspended all business requiring the transfer of hardware, software, and technical services with Chinese firm Huawei, Reuters reported on Sunday. New Huawei smartphones will lose access to popular Google apps, like YouTube and Maps, as well as security updates. Those publicly available, via open source licensing, would not appear to be affected. The move comes days after the Trump administration blacklisted Huawei, prohibiting American firms from trading with the company without a license.
President Trump used an executive order Wednesday to declare a national emergency over threats to American technology. The move prohibits American companies from using telecom services solely owned, controlled, or directed by a foreign adversary. The order also “delegates authority to the Secretary of Commerce,” Wilbur Ross, “to prohibit transactions posing an unacceptable risk to the national security of the United States.” The move clears the way for a ban on Huawei, China’s controversial telecom giant.
Did you think Apple or Samsung? No it’s Huawei.
Is Huawei using its incredibly fast China growth and government backing to help launch and control the 5G standard? Many are concerned. Huawei smartphone units shipped increased from 39.3 million in Q1 of 2018 to 59.1 million in Q1 2019 according to IDC 2019.
The position of one of the most advanced ways for cloud computing has been held by cloud communication technologies over the past few years. Current connected mobile workforce is capable of working from any location which has resulted in essentiality of secure communications. Embedding voice, video and messaging directly into software applications, cloud communication platform developers offer organizations with greater scalability, flexibility & business agility, reducing costs in the long term.
- CANADA: Prime Minister Justin Trudeau has continued to call for the release of two Canadians, Michael Kovrig and Michael Spavor, detained in China in response to the arrest of Huawei executive Meng Wanzhou. Beijing promised retaliation after Meng was arrested at U.S. request.
- FRANCE: President Emmanuel Macron says he deeply regrets his American counterpart’s decision to withdraw troops from Syria. “To be allies is to fight shoulder to shoulder,” Macron said on a visit to French troops in Chad. France is a key part of the coalition, and will remain in Syria.
- BELGIUM: King Filip of Belgium accepted the resignation of Prime Minister Charles Michel on Friday. The meeting was necessitated by the withdrawal of Michel’s Flemish nationalist coalition partners, the N-VA, over the UN’s Migration Compact. A caretaker government will be in place until regularly-scheduled elections in May.
- DR CONGO: Members of the opposition are furious after the electoral commission announced a weeklong delay to presidential elections in the Democratic Republic of Congo. The DRC election body said the delay was necessary after last week’s warehouse fire destroyed voting materials.
- CUBA: Major League Baseball and the Major League Baseball Players’ Association announced a major agreement with the Cuban Baseball Federation on Wednesday, aimed at stemming the smuggling of Cuban players. The agreement faces an uncertain legal future with the Trump administration.
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- Huawei executive arrested on a U.S. extradition warrant in Canada because Huawei is suspected of trying to evade American sanctions on Iran. U.S. prosecutors have been investigating since 2016 whether Huawei violated U.S. export and sanctions laws by shipping U.S.-origin products to Iran.
- China is interested in expanding its strategic and long-term relationship with the Islamic Republic of Iran. The Chinese government and various political and economic institutions, emphasized the need for expansion of the banking and financial relations between the two countries.
- Iran and China have found a way for China to continue buying Iranian crude and pay for it without risking a U.S. sanction breach. China had a special bank dedicated to handling payments for Iranian oil during the international sanctions against Tehran earlier this decade, so finding ways around sanctions is hardly new.
- “I am a Tariff Man,” Trump announced to signal his devotion to import taxes–a remark that served to downplay the likelihood of ending his trade war with China. Fear that an escalation in tariffs would choke off economic growth and possibly send a global slowdown into a recession.
- That massive data breach that hit hotel group: Marriott believes the hackers were working for a Chinese government intelligence gathering operation. Marriott said that a hack that began four years ago had exposed the records of up to 500 million customers in its Starwood hotels reservation system.
- Trump claimed a “BIG leap forward,” But scant details and few public commitments by China on what its commitments would be under the verbal agreement between Trump and Xi erased some market exuberance over what was brokered between the world’s two largest trading partners.
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