The trade tussle between China and the United States has taken another dimension.
President Donald Trump has taken a swipe on the telecommunication sector of China by declaring a national emergency on the sector to protect U.S. computer networks from “foreign adversaries”.
The face off between China and America has gained momentum.
This is after President Donald Trump signed an executive order declaring a national emergency and barring U.S. companies from using telecommunications equipment made by firms posing a national security risk.
Although, this order does not name any company It is believed to target Huawei.
Trump said “We’re having a little squabble with China because we’ve been treated very unfairly for many, many decades, for actually a long time, and it should have been handled a long time ago, and it wasn’t, and we’ll handle it now. I think it’s going to be… I think it’s going to turn out extremely well.
We’re in a very strong position. We are the piggy bank that everybody likes to take advantage of, or take from, and we can’t let that happen anymore.
“We’ve been losing for many years anywhere from $300 billion to $500 billion a year with China and trade with China.
“We can’t let that happen. The relationship I have with President Xi is extraordinary, it’s really very good, but he’s for China and I’m for the USA, and it’s very simple”.
But the Chinese tech giant says restricting its business in the US would only hurt American consumers and companies.
Several countries, led by the US, have raised concerns in recent months that Huawei products could be used by China for surveillance.
Huawei has been at the epicentre of the US-China power struggle that has dominated global politics over the past year.