Trump Bans Huawei, Creating Major China Standoff
By giving Huawei Technologies the so-called "death penalty" the Trump administration has shown that it does not trust Chinese government to act in good faith.
Consider this a major impediment to any kind of trade deal.
The US isn't just trying to block China's companies from US markets anymore, it's trying to block them from markets all around the world.
In this environment "divorce is a real risk." Visit Business Insider's homepage for more stories.
By giving Huawei Technologies the "death penalty," the Trump administration has escalated tensions between the US and China to a level of hostility akin to a tech Cold War On Tuesday the Trump administration put the Huawei on the Commerce Department's "Entity List."