A decision on whether to include China’s Huawei in Britain’s 5G telecoms network has been delayed after Prime Minister Theresa May's decision to step down.
The world’s largest telecommunications equipment maker was added to a Commerce Department list in May that prohibits US companies from supplying it with new American-made goods and services unless they obtain licenses that will likely be denied.
The US-China trade war is already having a negative impact on the global economy. If Donald Trump and Xi Jinping cannot agree to new terms at the G20 Summit, it will affect everyone.
US officials accused Huawei of facilitating Chinese spying. Bloomberg reported Huawei employees worked on at least 10 research projects with Chinese armed forces, collaborations the company said it was not aware of.
The US-India relationship is not mutually beneficial as India seems to be making all the concessions while the US disregards India's interests.
The infamous Trump Baby blimp flew over central London during anti-Trump protests as the US President held a meeting with the outgoing Prime Minister Theresa May and later a joint press conference on the second day of his state visit.
Hengtong Optic-Electric said in the filing to the Shanghai Stock Exchange that it signed a letter of intent with Huawei to buy the stake via cash and share issuance.
The US should bear "sole and entire responsibility" for setbacks in its trade negotiations with China, Beijing said. Meanwhile, China's defense minister has vowed to defend Beijing's claims over Taiwan and disputed South China Sea waters.
Beijing's move hits $60 billion worth of US goods with new punitive tariffs ranging from five to 25 percent, and comes in retaliation for Washington raising punitive tariffs on $200 billion in Chinese goods to 25 percent.
With a near total control on the rare earth mineral market, China floats possible export restrictions on the United States, as Washington escalated the trade war against China this month by putting the Chinese telecom giant Huawei on a blacklist.
The court case comes as Huawei also faces a broader US executive order preventing the use of its equipment in the US and a more damaging US action to blacklist the company.
The Wall Street bond yields hit their lowest since 2017. Dow Jones is down 0.93%, with the S&P 500 down 0.85%, and Nasdaq down 0.39% as well.
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