Chinese company Huawei in US trade blacklist
May 29 , 2019
As per current news reports, US has put Huawei on a trade blacklist. Meanwhile, Huawei has claimed this step seems to be dangerous as it will harm millions of consumers. Moreover, in one of the press conferences, Song Liuping, the Chief Legal officer of Huawei, quoted that a step like this would not only have a major impact on the trade, but it will also harm companies and jobs in the US. Washington recently added Huawei in the list of companies with whom US will not trade until they have a trade license. However, Huawei is pressing on with a lawsuit in the US courts to overturn the restriction. It says the US government has failed to provide any proof that Huawei poses a threat to security.