The move was expected, pre-empted yesterday:
- US President Trump expected to sign order paving way for U.S. telecoms ban on Huawei
The formalities were completed just a few hours ago;
- Trump signs national emergency order on telecommunications networks
- US says Huawei activities are a threat to national security
The question for markets is what’s next and how will China retaliate?
But, for a closer look, background etc, check this out:
- Trump signs order setting stage to ban Huawei from U.S.
This has been simmering for a long time.