US, China Exchange Barbs Over Huawei as Trade Tensions Flare

US, China Exchange Barbs Over Huawei as Trade Tensions Flare”

"The Huawei CEO - on that, at least - isn't telling the American people the truth".

U.S. Secretary of State Mike Pompeo said on Thursday the chief executive of China's Huawei Technologies was lying about his company's ties to the Beijing government, and he believed more American companies would cut ties with the tech giant.

The trade dispute has snowballed into a tech war, with Huawei at the epicentre of a battle for supremacy in technologies that could shape the future of the world economy, such as next-generation 5G networks in which the Chinese firm is a global leader.

China's commerce ministry spokesman Gao Feng said Beijing has lodged "solemn representations" with Washington, and warned that the country has the "confidence and ability to protect the lawful rights and interests of Chinese companies".

"5G networks need to be robust and secure, and not rely on equipment or services that pose a national security risk", said Republican Senator Roger Wicker.

Beijing has already responded to Trump's tariff hikes on $250 billion of Chinese imports by slapping penalties on $110 billion of American goods. The blacklisting bars Huawei from buying components for their products from any U.S. company, and it could prove to be a crippling blow for the company, which has grown exponentially over the past few years.

Tech companies around the world have fallen in line with USA curbs on the company.

Huawei has repeatedly denied it is controlled by the Chinese government, military or intelligence services.

World shares fell sharply on Thursday as concerns grew that the China-U.S. trade conflict was fast turning into a technology cold war.

The Chinese government's top diplomat, Wang Yi, said Wednesday that China's door would always be open to further trade talks with the United States, but added that Beijing would not accept any unequal agreements.

It is an "attempt to impede China's development process", he said.

The latest hit in a trade war was made by Washington on 10 May when $200 billion worth of Chinese goods were subjected to the 25 tariff fee.

Retailers, including Best Buy Co Inc and Walmart Inc, are also warning that the tariffs will raise prices for consumers. The newest round will cost the typical American household $831 annually, according to research Thursday from the Federal Reserve Bank of NY.

Pompeo confirmed a New York Times report on Wednesday that China was using high-tech surveillance to set up an intrusive policing effort that could be used to subdue its minorities, including ethnic Muslim Uighurs. Chinese state media have grown increasingly belligerent this week.

Stocks are sinking sharply in morning trading on Wall Street as investors' worries about the U.S.

Also feeding into tensions, the USA military said it sent two Navy ships through the Taiwan Strait on Wednesday, prompting Chinese Foreign Ministry spokesman Lu Kang to lodge "stern representations".

Trump has embraced protectionism as part of an "America First" agenda aimed at rebalancing global trade. The Asian nation had put up a fearless front throughout the course of the skirmish, but in a stunning development, the Chinese President Xi Jinping has told his countrymen that they must prepare for harder times ahead.

Like this



24 Мая 2019
Mets' Céspedes takes fall, breaks ankle on ranch
Cespedes, 32, played 102 games for the Tigers during the 2015 season, hitting.293 with 18 home runs and 61 RBIs. Considering how much money Cespedes is still owed, don't be surprised if the Mets look into this possibility.

24 Мая 2019
Ford’s delivery robot walks like a human
Ford has taken an interest in this project because this walking robot is part of a long-term plan involving autonomous vehicles. If Digit encounters an unexpected obstacle, it can send an image back to the vehicle and have the vehicle configure a solution.

24 Мая 2019
Oil prices drop on swelling U.S. stockpiles, trade war
The Organisation for Economic Co-Operation and Development (OECD) on Tuesday revised down its global growth forecast for the year. OPIS Energy Analysis Global Head Tom Kloza on the outlook for oil prices.

24 Мая 2019
Want to make $50,000 an hour? Become a video game live streamer
Some popular gamers are making each hour what some people make in a year just by playing new video games, a new report claims. Not only Ninja was paid that much but other streamers from around the globe were given a handful.

23 Мая 2019
#DeniedMyVote: EU citizens turned away from polling stations
Amid suggestions that the proposed bill could be rewritten, her spokesman said she would listen to colleagues' concerns. Am I entitled to vote? "I'm really angry.

23 Мая 2019
United Kingdom has votes docked from Eurovision
The Belarusian jury had been dismissed after their votes from the first semi-final were revealed, against the contest rules. The top four finalists of Eurovision 2019 remain unchanged after the new scores were handed out.

23 Мая 2019
Pakistan Army conducts successful training launch of ballistic missile Shaheen-II
On Thursday, a Pakistani foreign ministry spokesman said the Kashmir dispute could only be resolved through implementation of U.N. The launch came day after Pakistan's arch-rival India conducted a test of the supersonic Brahmos cruise missile.

21 Мая 2019
A Beginner’s Guide To Royal Ascot
Remember to bet on the colour of the queen’s hat! This is a newer tradition but is one appreciated by all of the guests. It’s quite a tradition, however, to pack a picnic lunch, especially if you are making a whole day out of your trip.

11 Мая 2018
All You Should to Know about Cisco CCNP Certification
Cisco provides the seekers with a wide range of courses depending on different areas included in the field of IT. The certificate holder gets a good position in the field of IT, and is capable to add new apps and networks.

24 Января 2018
How to Fix D3dx9_43.dll Is Missing Errors
You will find the reasons why this mistake appears and ways of downloading the original file from the Microsoft website. It basically has to be located in C:\Windows\System32 (however, do not rush pasting d3dx9_43.dll file to this folder).