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Huawei To Back Off US Market Amid Rising Tensions (nytimes.com)
Huawei is reportedly going to give up on selling its products and services in the United States (Warning: source may be paywalled; alternative source) due to Washington's accusations that the company has ties to the Chinese government. The change in tactics comes a week after the company laid off five American employees, including its biggest American lobbyist. The New York Times reports: Huawei's tactics are changing as its business prospects in the United States have darkened considerably. On Tuesday, the Federal Communications Commission voted to proceed with a new rule that could effectively kill off what little business the company has in the United States. Although the proposed rule does not mention Huawei by name, it would block federally subsidized telecommunications carriers from using suppliers deemed to pose a risk to American national security. Huawei's latest moves suggest that it has accepted that its political battles in the United States are not ones it is likely to win. "Some things cannot change their course according to our wishes," Eric Xu, Huawei's deputy chairman, said at the company's annual meeting with analysts on Tuesday. "With some things, when you let them go, you actually feel more at ease."
Seems very bad for trade too. There are two ways to address the trade imbalance with China: reduce overall trade until both sides are down to the same level, or build up US exports to match Chinese imports. It seems like, as usual, this trade war is pushing for the first option.
const int one = 65536; (Silvermoon, Texture.cs)
SJW, n: "Someone I don't like, and by the way I'm a fuckwit" - AC
Huwai and the Chinese govt probably couldnt give a damn about the NSA spying on american citizens anymore than the american govt caring about china spying on chinese citizens. Its only when it crosses the border do govts get anxious.
None of the actors here actually give one knob of goatshit about our rights.
Excuse the Unicode crap in my posts. That's an apostrophe, and slashdot is busted.
Although the proposed rule does not mention Huawei by name, it would block federally subsidized telecommunications carriers from using suppliers deemed to pose a risk to American national security.
Oh yeah? So that means they're going to stop buying equipment from Cisco, right?
"You're right," Fisheye says. "I should have set it on 'whip' or 'chop.'"
Please stop posting paywalled links. No one here wants to read them. No one here wants paywalled sites to get any traffic.
Apple's stock goes up on their ability to be complacent. Tim Cook announces another great leap in innovation by Apple since Jobs' passing. The next iPhone is going have more RAM and a slightly different camera!!!!
And Apple's political contributions just went up. Again.
WTF, does any of this have to do with Apple?
Just like those steel tariffs the White House justified by citing Chinese steel dumping, China accounts for 2.9 percent of US steel imports, ... but who cares about 'facts', tariffs on China play well with the base
Then why would this result in a trade war if it doesn't actually effect anything?
More trade is not always automatically better. For example, China due to ability to centrally plan, lax labor standards, nonexistent environmental regulations, can produce trade goods at a loss for decades. At that point our own capacity to produce similar goods is lost and we become a captive market dominated by foreign state-aligned monopoly.
As more and more companies in China decide its no longer worth selling into the US market that means a lot of cheap consumer gear is going to disappear. Component manufacturers may follow suit. I think the American public is going to be in for a rude awakening about just how much of what they buy comes from China.
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