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Economy

US blacklists China's Huawei as trade dispute clouds global outlook

Updated : May 16, 2019 06:59 AM IST

The Commerce Department said it was adding Huawei Technologies Co Ltd and 70 affiliates to its so-called "Entity List" - a move that bans the company from acquiring components and technology from US firms without government approval.
Trump earlier in the day signed an executive order barring US companies from using telecommunications equipment made by firms deemed to pose a national security risk.
On Tuesday, Trump denied talks with China had collapsed and sounded an optimistic note about the chance of a deal, saying he had an "extraordinary" relationship with Chinese President Xi Jinping, who he plans to meet at a G20 summit in Japan next month.
US blacklists China's Huawei as trade dispute clouds global outlook
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