China withdraws accreditation of American journalists as dispute with U.S. escalates

China is withdrawing the press credentials of American journalists at three U.S. newspapers, intensifying a bitter fight between the world’s top two economies that has widened to include the coronavirus outbreak and media freedoms. Beijing announced on Wednesday what it said was retaliation against U.S. restrictions on Chinese journalists that includes revoking the accreditations of… Read More China withdraws accreditation of American journalists as dispute with U.S. escalates

U.S. President Donald Trump signs law to bar rural carriers from buying Huawei network equipment

U.S. President Donald Trump signed legislation on Thursday to bars the use of U.S. subsidies by carriers to purchase network equipment from Huawei Technologies and other companies deemed a national security threat. The law also requires the Federal Communications Commission (FCC) to establish a program to assist small providers with the costs of removing prohibited… Read More U.S. President Donald Trump signs law to bar rural carriers from buying Huawei network equipment

U.S. adds fresh charges to its case against Huawei

The U.S. government on Thursday added fresh charges to its case against Chinese smartphone maker Huawei Technologies Co that has angered China and hurt U.S.-Chinese diplomatic relations. The superseding indictment, which was filed in the federal court in Brooklyn, New York, charges Huawei with conspiring to violate the Racketeer Influenced and Corrupt Organizations Act (RICO)… Read More U.S. adds fresh charges to its case against Huawei

U.S. set to publish rule to block more sales to Huawei

The U.S. government is nearing publication of a rule that would vastly expand its powers to block shipments of foreign-made goods to China’s Huawei, as it seeks to squeeze the blacklisted telecoms company, two sources said. The U.S. Commerce Department in May placed Huawei Technologies Co Ltd on a trade blacklist, citing national security concerns.… Read More U.S. set to publish rule to block more sales to Huawei

U.S. grants approval to some suppliers to restart sales to Huawei

The Trump administration on Wednesday gave Huawei its second reprieve this week, allowing some suppliers to restart sales to the Chinese telecoms giant after it was placed on a trade black list over national security concerns six months ago. The Commerce Department said it has begun issuing licenses for some companies to sell goods to… Read More U.S. grants approval to some suppliers to restart sales to Huawei

U.S. President Donald Trump declares self ‘chosen one’ to tackle trade issues with China

U.S. President Donald Trump on Wednesday said he was “the chosen one” to address trade imbalances with China, even as congressional researchers warned that his tariffs would reduce U.S. economic output by 0.3% in 2020. Trump told reporters his life would be easier if he had not mounted a trade war with China. But he… Read More U.S. President Donald Trump declares self ‘chosen one’ to tackle trade issues with China

U.S. set to extend Huawei license to buy goods from American companies

The U.S. Commerce Department is expected to extend a reprieve given to Huawei Technologies that permits the Chinese firm to buy supplies from U.S. companies so that it can service existing customers, two sources familiar with the situation said. The ‘temporary general license’ will be extended for Huawei for 90 days, the sources said. Commerce… Read More U.S. set to extend Huawei license to buy goods from American companies