Huawei Banned from Buying Vital US Technology Without Special Approval

Yesterday, we shared a story about how Trump was considering banning US businesses from using Huawei’s telecom equipment. On Wednesday, the US government passed an order which puts this into effect and even bans Huawei from purchasing essential US technology without special approval on national security grounds.

This comes as a double whammy for Huawei because not only does it limit its potential customer base but it also makes it challenging for the company to sell several of its products for which it relies on numerous American suppliers.

The US government insists that Huawei’s technology and equipment can be used by China for spying purposes. In addition to banning the use of Huawei’s telecom equipment by public and private organizations, the US is also trying to convince other countries to ban Huawei’s equipment.

Coming at a time when tensions between US and China are already running high over trade, this news could further strain the relationship between the two world leaders.

ABOUT THE AUTHOR See More

Arslan Butt

Index & Commodity Analyst

Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics.His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker.His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.

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