trending Market Intelligence /marketintelligence/en/news-insights/trending/7V9_bNdw4jJoUIZP74t2cQ2 content esgSubNav
In This List

Trump says US will cut ties with Huawei amid tensions with China

Podcast

Street Talk Episode 78: The case to build deposits in a market flush with cash

Podcast

Street Talk Episode 79: More attractive premiums for bank M&A targets coming

Blog

Investment Banking Essentials Newsletter: June Edition, Part - 2

Blog

Banking Essentials Newsletter: June Edition, Part - 2


Trump says US will cut ties with Huawei amid tensions with China

President Donald Trump said the U.S. will not do business with Chinese telecommunications-equipment maker Huawei Technologies Co. Ltd., at least until a new trade deal is struck with China.

"We're not going to do business with Huawei ... That doesn't mean we won't agree to something if and when we make a trade deal," Trump told White House reporters on Aug. 9, according to media reports. He also suggested a planned September trade negotiation may not happen as scheduled.

Huawei has long been under scrutiny in the U.S., where officials have suggested the company's ties to China's government could pose a national security threat for other countries. Tensions between the U.S. and China led to a brief interruption in Huawei's ability to use Google's Android operating system earlier this year. Huawei recently debuted its own operating system, which executives said the company is ready to deploy should its access to Android be disrupted again. For now, Huawei phones continue to use Google's software.