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China strikes back! ๐ #trade_war
Huawei founder Ren Zhengfei today said the U.S. underestimated his company's capabilities after Washington blocked the Chinese telecom giant from using American suppliers and technologies amid a bitter #trade_war. The 75-year-old entrepreneur, worth $1.7 billion, said his company was fully prepared to face the ban from the Trump administration, but thanked his American business partners for helping Huawei grow along the years. The owner of the world's second largest smartphone maker however admitted that his family actually preferred the products from its competitor Apple as they use iPhones instead of Huawei handsets.
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Conspiracy theorists suggest the REAL reason America banned Huawei was because of its 'insane' 50x super spy lens as they post video of it zooming in on boys playing chess ๐ฑ #trade_war
Huawei claims US move to put it on trade blacklist 'sets a dangerous precedent' as it launches legal bid to overturn law which bans federal agencies buying its products. #trade_war
The Pentagon sent a report to Congress on the minerals, 80% of which come from China and could be used as a trade war weapon. Chinese state newspaper the People's Daily today again hinted that Beijing will stop exporting essential 'rare earth' minerals to the U.S. in a bid to pressure Donald Trump in a trade war. Chinese President Xi Jinping visited a rare earth company in southern China last week, sparking speculation of Beijingโs possible retaliation on Washington with the natural resources. China accounted for 80 per cent of rare earth imports between 2014 and 2017 to the United States. The group of 17 elements are used in various objects, including hospital scanners, nuclear power stations and LED lights. #trade_war
Huawei phones will no longer come with Facebook, Instagram, and WhatsApp pre-installed after the social media giant suspends the deal amid a US trade ban. #trade_war