Home / Market Update / Trump Administration Takes One Final Action Against China’s Huawei

Trump Administration Takes One Final Action Against China’s Huawei

The United States government has informed a number of tech suppliers, including Intel, that their licenses to export to Huawei are being revoked, Reuters reported.

This is likely to be the final measurement the Trump administration takes against the Chinese telecom giant.

The U.S. Department of Commerce cited national security and foreign policy interests as justifications to the decision.

Check Also

Dollar Dominance Returns: Geopolitical Tensions Push Global Markets Into Defensive Mode

Global financial markets closed the week under a cloud of caution as rising geopolitical tensions …