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KTFA News Articles 5/16/19 DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

KTFA News Articles 5/16/19

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Post by RamblerNash on Thu May 16, 2019 11:10 pm

Samson » May 16th, 2019

Trump prevents American companies from supplying Chinese equipment

16th May, 2019

US President Donald Trump on Wednesday blocked US telecommunications companies from acquiring equipment manufactured by foreign firms and a source of security risk in a move apparently aimed at China, which has a trade war with the United States

Trump announced a state of "national emergency" to be able to issue the executive order that was expected and applies especially to the group of communications giant Huawei, which has been targeted by the US authorities for a long time

Huawei responded by saying that these "unreasonable restrictions" violated their rights and that those measures would lead to "US use of lower quality and higher-priced alternatives" in the fifth-generation smart phone network

The White House, for its part, justified the measure by the presence of "foreign adversaries increasingly using weaknesses in services and technological infrastructure in the areas of information and communications in the United States

For Beijing, it is a deceptive maneuver aimed at distorting competition

The US executive order is intended to address "malicious acts that the Internet facilitates access to, including economic and industrial espionage at the expense of the United States and its people

This is the most far-reaching measure taken by the Donald Trump administration against China's expanding technology sector, particularly in emerging countries in Africa, Latin America and Asia

The technology sector is dominated by the current trade competition between Beijing and Washington

The two powers have been sharing tariffs in a dispute Trump has launched since making China his favorite target in his 2016 presidential campaign

In response to a question about whether Washington could take such action, the Chinese authorities said they reject any misuse of power to exclude Chinese companies from free competition

"The United States has long used its power to deliberately defame Chinese companies and to push them back at any price, which is neither fair nor respectful," said Chinese Foreign Ministry spokesman Geng Shuang

The Chinese official accused Washington of using "the pretext of national security" to prevent Chinese companies from investing in the United States and gaining a share in the US market

The United States has been leading a campaign for months, led by Foreign Minister Mike Pompeo, against Huawei, suspected of spying for Beijing. For its part, the US Department of Defense has doubled its warnings in this regard

The United States has blocked the Chinese company from deploying fifth-generation communications networks on its territory and is trying to convince its Western allies to do the same, warning of the risk of being spying.

The fifth-generation technology allows many equipment, from cars to surveillance cameras, to be connected to the Internet LINK

US Treasury Secretary: We may travel to China soon to complete trade negotiations

15th May, 2019

US Treasury Secretary said he was likely to travel to Beijing soon to complete trade talks with China to end the conflict between the two parties to the conflict , which has recently increased

China has decided to increase tariffs on US goods worth 60 billion dollars starting in June, in response to the entry of more US tariffs against Chinese goods worth 200 billion dollars took effect on Friday

Stephen Mnuchein told a hearing before Senate lawmakers on Wednesday that recent discussions with Chinese officials in Washington had been fruitful

"I expect we will go to Beijing in the near future to continue those discussions as there is still a lot of work to be done," he said

The US president denied yesterday that trade talks with China had collapsed after imposing more tariffs on Chinese imports LINK

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