Biden Administration Takes Strong Actions Against Huawei Amid Rising Tensions

Wednesday, 3 July 2024, 02:26
In the latest development of the ongoing tech war, the US has revoked 8 export licenses that involve China's Huawei, intensifying the trade disputes between the two countries. Despite US sanctions, Huawei has managed a recovery, prompting stricter measures from the Biden administration. The move signifies the escalating tensions in the tech sector and the broader economic implications of the US-China trade relationship.
South China Morning Post
Biden Administration Takes Strong Actions Against Huawei Amid Rising Tensions

US Revokes Export Licences to Huawei

In a significant move, the US has revoked 8 export licenses involving China's Huawei as part of the ongoing tech war.

Huawei's Recovery Amid Sanctions

Despite facing US sanctions, Huawei has shown signs of recovery, prompting stricter measures from the Biden administration.

Escalating Tech Sector Tensions

  • The US-China Tech Disputes Intensify: The action underscores the growing tensions in the tech sector between the two economic giants.
  • Economic Implications: The move may have broad repercussions on the US-China trade relationship and global supply chains.
Do you want to advertise here? Contact us

Related posts

Do you want to advertise here? Contact us
Do you want to advertise here? Contact us
Newsletter

We carefully select news from the world of finance and publish it for our users. We understand the importance of reliable and up-to-date information for people in the financial world. Do you want to receive news in a convenient format and always have it at hand — subscribe to our newsletter and make your analytical work more effective.

Subscribe