Home Headline News U.S. Targeting Huawei With A Passion

U.S. Targeting Huawei With A Passion

32
0

Huawei is the world’s fastest growing phone brand and it’s expected revenue has been shot down a bit by the US. A series of restrictions, tariffs and bans has not played well for this Chinese brand as a $30 Billion revenue was calculated to be lost through the trade war.

The US put Huawei on an export blacklist for posing a potential threat to national security. The ban on Huawei does not only prevent sales to the US or US suppliers to sell the phone but also prevents Huawei to partner with organizations inside the US, even universities, international organizations associated with the US, Google, Netflix, and more. For now, Huawei still offers all these American services but if things escalate, Huawei seems to have planned a way to work around the scenario.

US Trade War On China

With the US imposing higher tariffs on Chinese imports and China retaliating in kind, global gross domestic product (GDP) growth is anticipated to slow down from 3.7 percent in 2018 to 3.2 percent or lower in 2019, depending on trade war scenario conditions. While the US avoided increasing tariffs on $200 billion worth of Chinese imports from 10 percent to 25 percent on March 1, 2019, it remains to be seen if a US-China trade deal can be struck. Even if brokered, it is possible that the removal of US tariffs on Chinese imports will take place gradually over years.

Previous articlePresident Trump’s $16-B Farm Bailout Criticized at the WTO
Next articleSuspicious Death and Illness Drive Dominican Republic Travel Insurance
Executive Assistant for the KNIGHTS DAO. 4+ years in rigorous marketing positions. Experienced writer, and part time digital designer. Thorough experience in web design and SEO. Early crypto investor and enthusiast. Entrepreneurial mindset with a degree in Business Economics