China’s Huawei says it will challenge US blacklisting and vows to limit impact on its operations
- World’s largest telecommunications company says the decision by Washington will significantly harm US companies and jobs
- Analysts say barring Huawei is a US effort to shift European allies away from the Chinese company in the race to dominate 5G technology
A Commerce Department spokesman said late on Thursday that the export order against Huawei takes affect immediately, according to Reuters. Earlier, Commerce Secretary Wilbur Ross, in an interview with Bloomberg Television and Radio, said the order would go into effect on Friday.
Huawei, a major purchaser of US technology that is critical to its position as a leading provider of 5G, or fifth generation, telecoms equipment, said the Trump administration’s actions were in no one’s interest.
“It will do significant economic harm to the American companies with which Huawei does business, affect tens of thousands of American jobs and disrupt the current collaboration and mutual trust that exist on the global supply chain,” the company said in a statement.
“Huawei will seek remedies immediately and find a resolution to this matter. We will also proactively endeavour to mitigate the impacts of this incident,” the statement said.
