Markets stateside were rocked earlier during their trading session on Thursday by renewed tensions between China and the United States. The ongoing fight between the two economic powerhouses has rattled global stock markets for much of 2018.
Reuters reported, citing three sources familiar with the situation, that U.S. President Donald Trump is considering an executive order to ban American companies from using telecommunications equipment made by China’s Huawei and ZTE.
The report comes amid efforts by officials from China and the U.S. to strike a permanent trade deal. Earlier in December, the two countries agreed to a 90-day grace period on implementing additional tariffs in order to come up with an agreement.
Following that development, the British newspaper The Times also reported that Britain’s defense minister said he has “grave, very deep concerns about Huawei providing the 5G network in Britain.“
A spokesperson for the Ministry of Defence confirmed Williamson’s comments to CNBC over the phone.
The next-generation 5G wireless standard is expected to be a significant leap over the current generation, enabling technologies such as the internet of things and autonomous vehicles through higher data transfer speeds and reduced communication time between devices. The U.S., China and even Finland are jostling for supremacy over the nascent technology.
from Just News Viral http://bit.ly/2TcEIz7
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