The Commerce Department of United States announced on May 15th, that they are putting the Huawei Technologies Co Limited of China and its 70 affiliates to a blacklist, called the Entity List which would immediately stop the banned entities from buying components and parts from the U.S. except with the approval of the U.S. government. In the past, these giants used to buy these items without any hindrances.
U.S. Officials while talking to media said that it would greatly affect the production process of China’s Technology giant if not stopping it altogether due to its reliance on the U.S. supplies.
After this decision’s application, China would need a license from the U.S. Government if it has to buy supplies from America. Huawei which would come under the circumstances has not yet commented about this whole situation.
Commerce secretary said in a statement that the decision will, “prevent American technology from being used by foreign-owned entities in ways that potentially undermine U.S. national security or foreign policy interests.”
This decision is also part of the trade war as a few days back the trump administration’s imposition of new Tariffs on Chinese goods. The Trump administration is also lobbying some other countries not to use Huawei equipment in the next generation 5G networks.
The commerce department is of the view that it has reasonable assurance that, “Huawei is engaged in activities that are contrary to U.S. national security or foreign policy interest.” The department justified their move by saying that they have based it after the Justice Department’s accusation about Huawei providing prohibited financial services to Iran.
Huawei reported first-quarter revenue of $27 billion last month and said it had shipped 59 million smartphones in the first quarter. Huawei has yet to make any statement regarding this issue as nobody has come forward to confront it yet.
All You Need to Know About Root Canal Treatment
Tattoo Aftercare – A Step by Step Guide
5 Reasons to Treat Yourself to a 3d Printer
A Guide to Property Bonds in the UK. How to Invest?
Record Your Memorable Trip in Great Quality
Dubai: The Most Popular City in the World
Top 10 Things to Do in Melbourne
Four Ways To Pay For College When You Are Short On Cash
The Top 5 Beaches In The World
Smok Alien the best e-cig kits? A Review
Why You Need Sanitary Ball Valves
Some of the important Facts about Tattoos
8 of the Most Common Arabic Words
How Much Money Do You Need to Start Forex Trading?
The Most Amazing Facts about Premier League Trophy
5 Ways to Avoid a Bad Credit Score
Guides2 months ago
The Most Popular Vape Tricks and How to Do Them
Business3 months ago
Souq.com Now Becomes Amazon.ae in UAE
Featured1 month ago
Turkey: A Traveler’s Ultimate Destination
Travel2 weeks ago
The Top 5 Beaches In The World
Tech2 months ago
Affordable innovation: A look at Samsung’s Galaxy A70
Internet3 months ago
7 Web Design Questions Companies Should Ask the Clients
Entertainment3 months ago
Best T.V. Series That Can Be Watched Over And Over Again
Internet2 months ago
5 Secrets To Hiring The Right SEO Agency