Trump Issues Executive Order Banning Chinese 5G Leader Huawei's Technology

IMG Auteur
Published : May 18th, 2019
413 words - Reading time : 1 - 1 minutes
( 0 vote, 0/5 )
Print article
  Article Comments Comment this article Rating All Articles  
0
Send
0
comment
Our Newsletter...
Category : Opinions and Analysis

Surprise surprise: All of a sudden Huawei is a threat to US national security.

President Trump signed an executive order on Wednesday afternoon effectively banning the use Huawei's 5G technology just days after the US and China failed to reach a deal to end the trade war between the two countries.

Trump's based the decision on national security. Curiously, it was not a matter of national security before the trade talks collapsed.

Please consider Trump Telecom Ban Takes Aim at China, Huawei.

President Trump signed an executive order Wednesday that allows the U.S. to ban telecommunications network gear and services from foreign adversaries, in a measure widely believed to be aimed at China and telecom companies including Huawei Technologies Co. and ZTE Corp.

A White House press release describing the order doesn’t list any countries or companies by name. Instead, it gives the Commerce Secretary the authority to ban the import of gear or services from companies that have close ties to foreign governments and could use their equipment to monitor or disrupt U.S. telecommunications or other infrastructure.

Trump Touts 5G and 6G Technology ASAP

Flashback February 21, 2019: Trump Tweets Promote US 5G "Even 6G" ASAP

Another Day, Another Lie

Fancy that, another bald-faced lie.

Huawei was only a tiny presence in the US markets, used only by smaller local operations that will now have to replace the gear.

Trump will soon demand the UK and EU to drop the technology.

What's It Really About?

  1. The US is behind in technology.
  2. Trump is irritated at China.
  3. The NSA cannot demand China put in hooks and backdoors but it can require US companies to do that and not mention it.
  4. Trump is an exceptionally piss poor negotiator who has to rely on bullying, threats, and coercion to get his way.

The end result of point number four is Trump has not closed a single deal while seriously damaging relationships with allies.

EU Pokes Trump

Trump is already irritated as note in February: EU Pokes Trump Again, This Time Over Huawei' s 5G Technology.

As noted on Feb 21: "Germany and the UK gave Trump another polite go to hell message by refusing his demand on Huawei."

I hope they remain firm. The only way to stop aggressive bullies is to stand up to them. The message needs to remain "Dear president Trump, Go to Hell".

Of course, diplomatically it will say "Dear President Trump, we will make our own decisions, thank you."

Source : moneymaven.io
<< Previous article
Rate : Average note :0 (0 vote)
>> Next article
IMG Auteur
Mish 13 abonnés
Mike Shedlock / Mish is a registered investment advisor representative for SitkaPacific Capital Management. He writes a global economics blog which has commentary 5-7 times a week. He also writes for the Daily Reckoning, Whiskey & Gunpowder, and has over 80 magazine and book cover credits. Visit http://www.sitkapacific.com
WebsiteSubscribe to his services
Comments closed
Latest comment posted for this article
Be the first to comment
Add your comment
Top articles
World PM Newsflow
ALL
GOLD
SILVER
PGM & DIAMONDS
OIL & GAS
OTHER METALS
Take advantage of rising gold stocks
  • Subscribe to our weekly mining market briefing.
  • Receive our research reports on junior mining companies
    with the strongest potential
  • Free service, your email is safe
  • Limited offer, register now !
Go to website.