WASHINGTON, DC - MAY 14: (CHINA OUT, SOUTH KOREA OUT) U.S. President Donald Trump waves as he walks toward Marine One before departing from the White House on May 14, 2019 in Washington, DC. President Trump is traveling to Louisiana.

President Trump’s declaration of a national emergency and executive order banning tech products made by US adversaries isn’t likely to affect consumers here anytime soon.
Although the order is broad, it’s widely expected to be used to target China and Chinese equipment maker Huawei.
It likely will be applied to equipment purchased by telecommunications companies, not consumer products and almost certainly won’t be applied to iPhones or other goods made in China for US firms.
It’s unclear exactly when the rules implementing the order will take effect or precisely what they’ll cover.
Visit Business Insider’s homepage for more stories.

President Donald Trump made a dramatic move Wednesday when he declared a national emergency and issued an executive order banning the import of technology products and services from US adversaries.

The action, which appeared to be targeted at China in general and at Chinese equipment maker Huawei in particular, seemed likely to ratchet up the trade tensions between the two countries. It also seemed likely to put further pressure on Huawei’s business and that of its partners. And because of how broadly the order was written, it could potentially be applied to a vast swath of goods and services, since so many technology …read more


Source:: Businessinsider – Finance

      

(Visited 1 times, 1 visits today)

Leave a Reply

Your email address will not be published. Required fields are marked *