Stock Groups

U.S. Commerce chief says further action will be taken on Huawei if necessary By Reuters

by Mike Robinson

[ad_1]

© Reuters. FILE PHOTO A Huawei logo can be seen at Mobile World Congress in Shanghai (China) February 23rd, 2021. REUTERS/Aly Song/File Photo

WASHINGTON (Reuters) – U.S. Commerce Secretary Gina Raimondo said on Thursday the Biden administration will take further action against Chinese telecoms firm Huawei if necessary, even as some Republican lawmakers have pressed the administration to do more.

In a Reuters interview, Raimondo was asked about Huawei and recounted how she told Republican lawmakers in January “that I wouldn’t be soft and now the proof’s in the pudding — we haven’t been. They shouldn’t worry.”

Huawei was included in the U.S. The U.S. Entity List for May 2019 was added to Huawei. Raimondo declared that the “incredible tool” in their toolbox is the entity list and that it will be used to its full extent to ensure American security.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. CFDs are stocks, indexes or futures. The prices of Forex and CFDs are not supplied by exchanges. Instead, they are determined by marketmakers. As such, the prices might not reflect market conditions and could be incorrect. Fusion Media is not responsible for trading losses that may be incurred as a consequence of the use of this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. You should be aware of all the potential risks and expenses associated with trading in the financial market. It is among the most dangerous investment types.



[ad_2]